Financial traders made clear that they won’t give up the CAISO congestion revenue rights auctions without a fight at a meeting on the auctions’ shortfalls.

CAISO last year paid out $47 million more to congestion revenue rights (CRR) holders than it took in from its auctions, the ISO’s IMM has found.

The CAISO decision to possibly prioritize reforms to its congestion revenue rights auctions in 2017 has provoked mixed reactions from stakeholders.

FERC approved a new definition of a “load-serving entity” in CAISO that includes those that purchase wholesale electricity to serve their own needs.

The CAISO internal Market Monitor reported that the program for auctioning off congestion revenue rights suffers from inherent design flaws.

The CAISO Board of Governors voted to expand the definition of a “load-serving entity” to include the San Francisco BART and other organizations.

CAISO expects to hold its 2017 revenue requirement to this year’s level despite a planned $4.3 million increase in spending driven by rising labor costs.

CAISO paid congestion revenue rights holders $27 million more than it took in from CRR auctions during the first half of the year, according to the ISO’s Department of Market Monitoring.

CAISO released a final draft proposal to expand the definition of a “load-serving entity” to include organizations purchasing wholesale power to serve their own needs.

CAISO is proposing to amend its Tariff to expand the definition of a “load-serving entity” to include any organization granted authority to serve its own electricity needs.