The CAISO Board of Governors approved a controversial proposal on congestion revenue rights and market power mitigation.

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.

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

The ERCOT Technical Advisory Committee unanimously approved compromise language eliminating the reduction of congestion revenue rights.

With Hurricane Harvey approaching, ERCOT’s Technical Advisory Committee focused on three tabled revision requests before scattering to their homes and work.

CAISO dropped a proposal that would have allowed third-party transmission providers to participate in the EIM after getting negative feedback on the plan.

ERCOT stakeholders tabled a proposal to eliminate the reduction of CRRs payments after the measure failed to pass the Technical Advisory Committee.

A CAISO official told stakeholders that reforms to the congestion revenue rights auctions will come only after painstaking analysis.