Market Highlights 1 (December 26 January 8)

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Market Highlights 1 (December 26 January 8) The average DLAP price in the integrated forward market was $42.52. The maximum and minimum DLAP prices were $89.58 and $1., respectively. The maximum and minimum PNode prices in the integrated forward market were $187.39 and -$3.3 respectively. The top two interties congested in the integrated forward market were PALOVRDE_ITC and MALIN5. Congestion rents in these two weeks totaled $5,946,674.63. The average day-ahead ancillary service prices were between $. and $4.. Approximately 93.73 percent of the RUC requirements were met from RA units. The average real-time FMM DLAP price was $38.97, with a maximum price of $237.77 and a minimum price of -$21.35. The maximum and minimum PNode prices in the FMM were $376.41 and -$183.64, respectively. Out of the total 1,344 FMM intervals, intervals saw DLAP prices above $25, and intervals saw DLAP prices below -$15. Out of the total 1,344 FMM intervals, 7 intervals saw ELAP prices above $25 And 1 intervals saw ELAP prices below -$15. The average real-time FMM ELAP price was $31.42, with a maximum price of $992.97 and a minimum price of -$152.9. The average real-time RTD DLAP price was $37.26, with a maximum price of $1,82.9 and a minimum price of -$124.48. The maximum and minimum PNode prices in the RTD were $1,85.3 and -$35.41, respectively. Out of the total 4,32 RTD intervals, 9 intervals saw DLAP prices above $25 and interval saw DLAP prices below -$15. Out of the total 4,32 RTD intervals, 33 intervals saw ELAP prices above $25 and 4 intervals saw ELAP prices below -$15. The average real-time RTD ELAP price was $3.79, with a maximum price of $1,1.35 and a minimum price of - $157.9. Root causes for daily high price events are noted in Tables 1 and 2. Trade Date None Table 1 FMM Intervals Root Cause 1 A description of the metrics presented in this report is available at http://www.caiso.com/documents/weeklyperformancereportmetricskey.pdf Market Quality and Renewable Integration/L.Hernandez 1

GW Trade Date RTD Jan 4 HE 17 RTD Jan 5 HE 1, HE 13 RTD Jan 7 HE 9 Table 2 RTD Intervals Root Cause Load changes. Renewable deviation. Congestion on OMS 561922_DV_RDBLF1. Figure 1: Day-Ahead (IFM) LAP LMP and Cleared Bid-In Demand 1 9 8 7 35 3 25 6 5 4 3 2 1 2 15 1 5 PGAE SCE SDGE VEA Cleared Bid-In Demand (GW) Market Quality and Renewable Integration/L.Hernandez 2

Congestion Rents (in Millions) Figure 2: Day-Ahead Congestion Rents $2. $1.8 $1.6 $1.4 $1.2 $1. $.8 $.6 $.4 $.2 $. Flow-Gates PALOVRDE_ITC MALIN5 Figure 3: Day-Ahead Congestion Rents for Flow-Based Constraints Transmission Constraint Congestion Rent 2486_LUGO _5_2615_VICTORVL_5_BR_1 _1 $ 3,551,966.56 782_TL 23S_OVERLOAD_NG $ 117,826.42 2436_EAGLROCK_23_2459_GOULD _23_BR_1 _1 $ 12,377.7 347_SMYRNA 2_115_34742_SEMITRPJ_115_BR_1 _1 $ 76,698.6 IID-SCE_BG $ 65,7.81 355_GATES1 _5_36_MIDWAY _5_BR_1 _3 $ 5,295.79 34418_KINGSBRG_115_3445_FRWT TAP_115_BR_1 _1 $ 23,891.64 3353_KASSONJ2_115_33548_TRACY _115_BR_1 _1 $ 23,79.66 34742_SEMITRPJ_115_34746_GANSO _115_BR_1 _1 $ 2,829.29 2264_OTAY _69._22616_OTAYLKTP_69._BR_1 _1 $ 16,13.29 22256_ESCNDIDO_69._22724_SANMRCOS_69._BR_1 _1 $ 14,6.2 31_HUMBOLDT_115_3115_BRDGVLLE_115_BR_1 _1 $ 1,995.38 775 CP6_NG $ 1,6.87 HUMBOLDT_IMP_NG $ 9,84.96 BLYTHE_BG $ 8,968.59 2256_BERNARDO_69._22284_FELCTATP_69._BR_1 _1 $ 7,28.41 OMS 6642295 JHINDS-MIRAGE_NG $ 6,327.91 3885_MUSTANGS_23_39_GATES _23_BR_1 _1 $ 5,719.68 22442_MELRSETP_69._22724_SANMRCOS_69._BR_1 _1 $ 5,35.73 36_MIDWAY _5_24156_VINCENT _5_BR_2 _3 $ 4,322.65 Market Quality and Renewable Integration/L.Hernandez 3

Figure 3: Day-Ahead Congestion Rents for Flow-Based Constraints (contin.) Congestion Transmission Constraint Rent 318_HUMBOLDT_6._3188_HMBLT JT_6._BR_1 _1 $ 3,695.36 751-PAS-BAI-PAR-OOS_NG $ 3,411.26 3415_NEWHALL _115_34154_DAIRYLND_115_BR_1 _1 $ 1,793.61 3114_CARLOTTA_6._3115_RIODLLTP_6._BR_1 _1 $ 1,793.3 22372_KEARNY _69._22496_MISSION _69._BR_1 _1 $ 1,412.5 31214_GEYERS56_115_3122_EGLE RCK_115_BR_1 _1 $ 1,114.45 31727_ELKCRKJT_6._31726_ELKCREEK_6._BR_1 _1 $ 653.73 34269_BIOMSJCT_7._34268_MENDOTA _7._BR_1 _1 $ 167.9 34471_SNJQJCT _7._34469_GFFNJCT _7._BR_1 _1 $ 38.18 Totals $ 4,145,532.82 45 Figure 4: Day-Ahead (IFM) Average A/S Price 4 35 3 25 2 15 1 5 Non Spin Spin Reg Up Reg Dn Mile Up Mile Dn Market Quality and Renewable Integration/L.Hernandez 4

Figure 5: Day-Ahead Average RUC Price 8 7 6 5 4 3 2 1 Figure 6: Real-Time FMM Average A/S Price 4 35 3 25 2 15 1 5-5 Non Spin Spin Reg Up Reg Dn Mile Up Mile Dn Market Quality and Renewable Integration/L.Hernandez 5

Figure 7: Real-Time FMM DLAP LMP 3 25 2 15 1 5-5 PGAE SCE SDGE VEA Figure 8: Real-Time RTD DLAP LMP 12 1 8 6 4 2-2 PGAE SCE SDGE VEA Market Quality and Renewable Integration/L.Hernandez 6

Figure 9: Real-Time FMM ELAP LMP 12 1 8 6 4 2-2 BCHA PACW PACE NEVP IPCO BCHA AZPS -4 IPCO Figure 1: Real-Time RTD ELAP LMP 12 1 8 6 4 2-2 AZPS BCHA IPCO NEVP Market Quality and Renewable Integration/L.Hernandez PACE PACW -4 PGE PSEI 7