Congestion revenue rights auctions averaged $62 million in losses between 2019 and 2023, down nearly $50 million since changes were implemented in 2019 but “still very high,” said CAISO’s Department of Market Monitoring.

CAISO’s gas resource management working group is exploring challenges related to participation in ISO-run markets.

A study has found that high electricity prices in California, New York and New England could undermine efforts to electrify transportation and homes.

CAISO’s Market Surveillance Committee has endorsed a set of rule changes designed to avoid shortfalls this summer.

CAISO’s Market Monitor found no evidence of market manipulation or strategic outages during the rolling blackouts of mid-August.

CAISO’s Market Surveillance Committee said the ISO needs to consider implementing scarcity pricing as a way to obtain energy during heat waves and supply shortages.

Members of CAISO’s Market Surveillance Committee and stakeholders wrangled over systemwide market power and ways to limit it.

FERC ordered Vitol and a senior trader to show cause why they should not be fined for manipulating CAISO’s market to limit losses on the company’s CRRs,

A spike in natural gas prices drove up the cost of wholesale electricity in CAISO in Q1 2019, but changes to CRR Auctions appears to be working .