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.

CAISO’s Department of Market Monitoring discussed the ISO’s third-quarter market results with participants.

CAISO day-ahead prices hit all-time highs for the second time this year during the third quarter, the ISO’s Department of Market Monitoring said.

The Market Monitors for CAISO and PJM told a House subcommittee that their respective financial transmission rights markets are significantly flawed.