In accordance
with 5 CFR 1320, OMB is withholding approval at this time. The
agency shall examine public comment in response to the proposed
rulemaking and will include in the supporting statement of the next
ICR--to be submitted to OMB at the final rule stage--a description
of how the agency has responded to any public comments on the ICR,
including comments on maximizing the practical utility of the
collection and minimizing the burden.
Inventory as of this Action
Requested
Previously Approved
12/31/2017
36 Months From Approved
12/31/2017
5,547
0
5,547
498,250
0
498,250
0
0
0
The Federal Power Act Section 205
requires the Federal Energy Regulatory Commission to ensure that
the rates and charges for the wholesale sale of electric energy are
just and reasonable. Section 205 also requires that the rules and
regulations affecting or pertaining to the rates and charges for
the wholesale sale of electric energy be just and reasonable.
Docket RM15-24. In this NOPR, FERC is proposing to revise its
regulations to require that each regional transmission organization
(RTO) and independent system operator (ISO) settle energy
transactions in its real-time markets at the same time interval it
dispatches energy and settle operating reserves transactions in its
real-time markets at the same time interval it prices operating
reserves. The Commission also proposes to revise its regulations to
require that each RTO/ISO trigger shortage pricing for any dispatch
interval during which a shortage of energy or operating reserves
occurs. Adopting these reforms would align prices with resource
dispatch instructions and operating needs, providing appropriate
incentives for resource performance.
In the NOPR in RM15-24, FERC is
proposing to address two existing practices that may fail to
compensate resources at prices that reflect the value of the
service resources provide to the system, thereby distorting price
signals. In certain instances, this creates a disincentive for
resources to respond to dispatch signals. FERC proposes to require
that each regional transmission organization (RTO) and independent
system operator (ISO) align settlement and dispatch intervals by
settling energy transactions in its real-time markets at the same
time interval it dispatches energy and settling operating reserves
transactions in its real-time markets at the same time interval it
prices operating reserves. FERC is also proposing to require that
each RTO/ISO trigger shortage pricing for any dispatch interval
during which a shortage of energy or operating reserves occurs.
FERC requires that rates for jurisdictional electricity service be
just and reasonable and not unduly discriminatory or preferential.
This requirement extends to market- and cost-based rates. The
Commission has taken action to correct rates that become unjust and
unreasonable, and has done so not only when the rates do not
reflect costs but also when the underlying features, rate design,
or market design fail to align. It is paramount that resources have
appropriate incentives to respond to an energy or operating reserve
shortage and that each resource is compensated based on a price
that reflects the value of the service it provides.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.