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

CAISO’s internal Market Monitor provided more details about the extreme day-ahead price spikes occurring over a three-day period in June.

California’s scorching heat pushed CAISO day-ahead energy prices to record highs in the second quarter after market mitigation measures unexpectedly failed.

CAISO sought to address stakeholder concerns in its final proposal for preventing the retirement of power plants that may be needed for system reliability.

CAISO’s Department of Market Monitoring amplified its opposition to a fundamental aspect of the ISO’s plan for commitment cost mitigation.

CAISO's Monitor submitted comments on the ISO’s straw proposal for its Commitment Cost and Default Energy Bid Enhancements (CCDEBE) initiative.

The CAISO proposal to provide transmission revenue to balancing authority areas that wheel power received a wary response from EIM stakeholders.

Energy transfer capacity in the EIM footprint is now sufficient to justify removing bid limits that are in effect for some members, the CAISO Monitor says.

Stakeholders are cautiously supportive of CAISO’s proposal to permanently assume authority to limit output from gas-fired generators in emergencies.

CAISO's Monitor said the ISO must address flaws in its proposal to allow third-party transmission providers to make unused capacity available to the EIM.