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.

The Market Monitors for CAISO and PJM told a House subcommittee that their respective financial transmission rights markets are significantly flawed.

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

California’s scorching heat pushed CAISO day-ahead energy prices to record highs in the second quarter after market mitigation measures unexpectedly failed.

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

CAISO’s Department of Market Monitoring amplified its opposition to a fundamental aspect of the ISO’s plan for commitment cost mitigation.