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December 5, 2025
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FERC Proposes to Eliminate Western ‘Soft’ Price Cap
Commission Says Regional Market Changes Negate Need for Anti-manipulation Policy
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Jul 16, 2025 | Robert Mullin
FERC is moving to rescind the West-wide wholesale electricity price cap mechanism it instituted in 2002 in response to widespread price manipulation during the Western energy crisis of 2000/01.
CAISO/WEIMEnergy Market
KeywordsCAISO Extended Day-Ahead Market (EDAM)EL10-56market manipulationSPP Markets+Western Energy CrisisWestern soft price cap
Robert Mullin
FERC Report Urges West to Address Looming Market Seams Issues
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