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December 5, 2025

Markets

Ontario Energy Board Market Surveillance Panel State of the Market Report 2023
Ontario Market Monitor Revamps Techniques for IESO Nodal Market
Ontario’s energy regulator is learning new ways to identify inefficiencies and malign behavior under IESO’s Market Renewal Program.
Office of Assemblymember Cottie Petrie-Norris
Pathways Bill Passes Calif. Legislature in Lopsided Votes
California lawmakers have passed a landmark bill that will allow CAISO to transition the governance of its markets to the independent “regional organization” envisioned by the West-Wide Governance Pathways Initiative.
U.S. Fish and Wildlife Service
Utilities Back Some BPA Transmission Updates, Hesitate on Others
Utilities at a customer-led workshop voiced support for Bonneville Power Administration’s shift toward proactive transmission planning, though some expressed reservations about the agency’s proposed commercial readiness criteria.
CAISO
WEIM Prices Rise on Higher Gas Costs in Q2 2025
Western Energy Imbalance Market prices increased sharply in the second quarter of 2025 compared with the same period in 2024, mostly due to higher natural gas prices at Western hubs.
Calpine
ISO-NE Kicks off Talks on Accreditation, Seasonal Capacity Changes
ISO-NE kicked off NEPOOL discussions for the second phase of its capacity auction reform project, beginning long-awaited talks on accreditation and seasonal capacity auction changes.
© RTO Insider LLC
MISO Discloses $280M Error, Over-procurement in 2025/26 Capacity Auction
MISO said a yearslong software error caused it to clear more capacity than intended in past capacity auctions and which has resulted in an approximate $280 million impact to market participants in this year’s auction.
CAISO
CAISO Price Formation Proposal Looks to Reduce ‘Unnecessary’ Market Mitigation

After years in the making, CAISO released a price formation proposal intended to reduce “unnecessary” market power mitigation, strengthen reliability and provide consistent pricing incentives in the WEIM and future EDAM.

Office of Sen. Jeff Merkley
West Coast Senators Urge Passage of Calif. Pathways Bill
Six Western U.S. senators came out in support of the California legislation needed to transform CAISO’s market into an independent regional energy market, saying in a letter to Gov. Gavin Newsom the bill promises "improved grid reliability and significant energy cost savings.”
ISO-NE
ISO-NE Monitor Discusses Market Trends, Energy Transition
The New England wholesale electricity markets performed competitively in 2024, while decreased imports and higher emissions compliance rates increased overall market costs, the ISO-NE Internal Market Monitor told the NEPOOL Participants Committee.
MISO
MISO: Market Platform Replacement will be Overbudget, Stretch into 2028
MISO said its nine-year effort to replace its market platform will exceed original budget contingencies and won’t be completed until 2028, three years later than previously predicted.

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