FERC approved CAISO’s proposal to limit the megawatt quantity of the bid adder for the Western Energy Imbalance Market.

FERC approved CAISO’s plan to reduce the capacity available in its congestion revenue rights auctions but rejected a proposal to cut CRR payments.

After a surge in Q1, CAISO prices fell in the second quarter based on lower prices for natural gas and increased output from wind, hydroelectric and solar.

CAISO prices surged in Q1 on falling hydroelectric output and increased costs for natural gas, the ISO’s Department of Market Monitoring told stakeholders.

CAISO wholesale prices jumped 25% last year on higher natural gas costs stemming from tight supplies in Southern California.

The CAISO Board of Governors new imbalance conformance rules allow the ISO to account for errors in renewable energy forecasts.

Western Energy Imbalance Market leaders endorsed CAISO’s controversial proposal to give generators more bidding flexibility.

CAISO’s fourth quarter was beset by 15-minute market energy shortages and a significant shortfall in CRR auction revenues, the ISO’s Market Monitor said.

CAISO is moving ahead with major modifications to its congestion revenue rights (CRR) auction even as some stakeholders urge a deeper look.

CAISO unveiled a plan to restructure its congestion revenue rights (CRR) auction to address long-running complaints, including those of their internal market monitor.