Compensation for load reduction delivered during an ELRP event is determined by multiplying the Incremental Load Reduction (ILR) by $2/kWh, then subtracting any California Independent System Operator payments for any portion of the load reduction counted in the ILR and the California Independent System Operator Opportunistic Revenue. The ILR is calculated by subtracting the California Independent System Operator scheduled award quantities, inclusive of day-ahead market (DAM) and real-time market (RTM), from the Proxy Demand Resource’s ELRP event performance.
The ELRP baseline used to calculated ELRP Event Performance is determined by modifying the applicable California Independent System Operator baseline to account for the following:
Count net exports to the distribution grid by customer locations within the Proxy Demand Resource aggregation that comply with Rule 21 and other applicable permits
Exclude prior days with other ELRP events when selecting the set of “non-event, but similar” days when calculating the baseline
Exclude applicable preceding hours with either California Independent System Operator market awards or another ELRP event on the day of the ELRP event when calculating the same-day adjustment (SDA) to the calculated baseline in step 2
Allow the SDA in step 3 to +/- 100%
For more information on the performance and incentive calculations, reference section 3 of the Group B Terms and Conditions.