California ISO Board adopts reduced budget for 2019
The California Independent System Operator (ISO) Board of Governors approved the ISO’s 2019 budget of $193.5 million, which is $4 million less than 2018. The 2019 budget also is well below the regulatory cap of $202 million and represents an average annual growth rate of less than 1 percent since 2007.
The ISO has been able to absorb cost pressures by leveraging efficiencies in non-labor costs and increasing other revenues, including the Reliability Coordinator funding that begins in 2019.
The ISO projects that the 2019 transmission volume will decrease to 239.7 terawatt-hours, resulting in a bundled cost per megawatt-hour of $0.807, or a decrease of $0.010 per megawatt-hour from 2018.
The budget was developed with input gathered from a series of public meetings that began in July. The budget goes into effect on January 1, 2019.
