CAISO’s congestion revenue rights auction continued to lose money in 2019 but less than in prior years, the Department of Market Monitoring said.

CAISO reported lower wholesale electricity prices during the third quarter, driven by lower natural gas costs and fewer transmission constraints.

CAISO is moving ahead with a plan to stem systemwide market power, even though not everyone is convinced the effort is necessary.

FERC approved CAISO’s proposal to limit the megawatt quantity of the bid adder for the Western Energy Imbalance Market.

FERC approved CAISO’s plan to reduce the capacity available in its congestion revenue rights auctions but rejected a proposal to cut CRR payments.

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 wholesale prices jumped 25% last year on higher natural gas costs stemming from tight supplies in Southern California.

The CAISO Board of Governors new imbalance conformance rules allow the ISO to account for errors in renewable energy forecasts.

Western Energy Imbalance Market leaders endorsed CAISO’s controversial proposal to give generators more bidding flexibility.