Other CAISO Committees
CAISO focused on CRRs when it served up the latest volley in the ongoing dispute over what played out on the Western grid during the January cold snap that forced Northwest utilities to import high volumes of energy to avoid blackouts.
CAISO’s own systems may have contributed to a set of “operational surprises” that forced it to declare a series of energy emergency alerts in July 2023, a member of the ISO’s Market Surveillance Committee said.
CAISO is proposing to raise the soft offer cap in its market from $1,000/MWh to $2,000 to accommodate the bidding needs of battery storage and hydro resources in time for operations this summer.
Congestion revenue rights auctions averaged $62 million in losses between 2019 and 2023, down nearly $50 million since changes were implemented in 2019 but “still very high,” said CAISO’s Department of Market Monitoring.
CAISO stakeholders have voiced various concerns about an ISO straw proposal to revamp its interconnection process, with some cautioning about an overly rapid timeline.
CAISO’s gas resource management working group is exploring challenges related to participation in ISO-run markets.
A study has found that high electricity prices in California, New York and New England could undermine efforts to electrify transportation and homes.
CAISO’s Market Surveillance Committee has endorsed a set of rule changes designed to avoid shortfalls this summer.
CAISO’s Market Monitor found no evidence of market manipulation or strategic outages during the rolling blackouts of mid-August.
CAISO’s Market Surveillance Committee said the ISO needs to consider implementing scarcity pricing as a way to obtain energy during heat waves and supply shortages.
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