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February 1, 2026

California Independent System Operator (CAISO)

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CAISO Considering Fast-start Pricing for Extended Day-Ahead Market
CAISO is considering how to apply fast-start pricing to the Extended-Day Ahead Market — a topic that has been a sticking point for some as entities across the West decide which day-ahead market to join.
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Amid Praise for Pathways Step 2 Milestone, Skeptics Remain Unmoved
The Pathways Initiative drew praise from many quarters with the vote to approve its “Step 2” proposal, but it was quickly apparent the development will do little to sway Markets+ supporters.
CAISO
CAISO Kicks off ‘Workshop’ to Update RA Mechanisms
CAISO's Resource Adequacy Modeling and Design "workshop" is designed to reevaluate and refine several mechanisms the ISO uses to ensure resource adequacy.
Markets+ Joint Authors using CAISO data
Markets+ ‘Alert’ Covers CAISO’s Dual Roles as Market Operator, BA

CAISO will be inherently compromised in its role as an operator of a deeper Western market because of its conflicting responsibilities as BA within that market, a group of entities that support SPP’s Markets+ argue in their latest “issue alert.”

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BPA: Funding Markets+ Phase 2 Preserves Choice
The Bonneville Power Administration says following through on its $25 million funding commitment to the development of SPP's Markets+ is simply a matter of preserving choice.
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.

Citizens Energy
CAISO Board Approves Nonprofit PTO, Tx Plan Changes

A nonprofit that wants to invest up to $1 billion into PG&E's transmission system received approval to join CAISO as a participating transmission owner.

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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.

NW Energy Coalition
CAISO, WEM Boards Approve Pathways ‘Step 1’ Tariff Amendments

CAISO’s Board of Governors and WEM Governing Body approved ISO tariff amendments needed to implement the West-Wide Governance Pathways Initiative’s “Step 1” proposal.

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NM PRC Issues ‘Guiding Principles’ for Electricity Market Participation
The Public Regulation Commission voted 3-0 to adopt the guiding principles which emphasize customer benefits, transparency, stakeholder involvement and tracking of greenhouse gas emissions.

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