CAISO’s congestion revenue rights market showed unusual surpluses this summer because of higher congestion rents on Path 26.

After a surge in Q1, CAISO prices fell in the second quarter based on lower prices for natural gas and increased output from wind, hydroelectric and solar.

CAISO prices surged in Q1 on falling hydroelectric output and increased costs for natural gas, the ISO’s Department of Market Monitoring told stakeholders.

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.

CAISO’s Department of Market Monitoring discussed the ISO’s third-quarter market results with participants.

CAISO day-ahead prices hit all-time highs for the second time this year during the third quarter, the ISO’s Department of Market Monitoring said.

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

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