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December 7, 2024

CAISO Department of Market Monitoring (DMM)

CAISO
CAISO Launches Initiative to Examine CRR Issues

CAISO has launched an initiative to improve its congestion revenue rights market by addressing issues such as revenue inadequacy and auction efficiency.

© RTO Insider LLC
Proposal to Refine Bid Cost Recovery for Storage Passes Unanimously

CAISO’s Board of Governors and the Western Energy Markets Governing Body voted unanimously to pass a proposal that will modify the calculation used to determine bid cost recovery payments for storage resources.

CAISO
CAISO Q1 Prices Down Sharply Despite NW Cold Snap, DMM Reports
First-quarter electricity prices in CAISO markets were down sharply from the same period in 2023, despite sharp spikes during the January cold snap in the Pacific Northwest, the ISO’s Department of Market Monitoring said.
CAISO
CAISO Backtracks on Proposal to Refine Battery BCR
CAISO is reconsidering its proposal to address unwarranted bid cost recovery payments for storage resources following internal analysis that suggested the proposed solution wouldn’t sufficiently address the problem.
Balise42, CC BY-SA-4.0, via Wikimedia Commons
Pathways Initiative Committee Floats Ideas to Protect Public Interest
Protecting the public interest while implementing the Extended Day-Ahead Market and expanding the Western footprint was central to the discussion in a West-Wide Governance Pathways Initiative workshop.
CAISO
‘Operational Surprises’ Contributed to CAISO July 2023 Emergencies
CAISO’s own systems may have contributed to a set of “operational surprises” that forced it to declare a series of energy emergency alerts in July 2023, a member of the ISO’s Market Surveillance Committee said.
Sandia National Laboratories
FERC Approves CAISO Request to Lift Soft Offer Cap for Hydro, Storage
FERC accepted CAISO’s proposal to allow for storage resources to bid above the ISO’s $1,000/MWh soft offer cap in the real-time market to account for their intraday opportunity costs.
CAISO
CAISO Kicks off Storage Bid Cost Recovery Stakeholder Initiative

Batteries may be receiving excessive or inefficient bid cost recovery payments in CAISO, an issue that could be exacerbated by the ISO’s recent move to increase its soft offer cap to allow for higher bids by storage resources.

Gridwell Consulting
Congestion Revenue Rents Still Underfunded, CAISO DMM Says
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
DMM: CAISO Transfer Limitations During Q3 Heat Waves Led to Price Disparities
CAISO's Department of Market Monitoring found that limits on WEIM imports last year led to increased transmission congestion in the ISO's markets.

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