FERC ordered six more entities to refund the premiums they earned from sales into CAISO during the severe heat wave of August 2020.

FERC reversed a decision that allowed CAISO to include an adder in the formula for offers that exceed the soft cap for its capacity procurement mechanism.

FERC ordered CAISO, ISO-NE, MISO, NYISO, PJM and SPP to report on how system needs are changing with their shifting resource mixes and how they will meet them.

Rising natural gas prices and extreme weather pushed wholesale electricity prices higher in 2021, FERC said in its annual State of the Markets report.

FERC ordered PacifiCorp to refund premiums it received for sales above WECC's soft price cap of $1,000/MWh during the severe Western heat wave of August 2020.

PG&E announced that its 182.5-MW Elkhorn Battery project, comprising 256 Tesla Megapack units, had commenced operation in CAISO.

The Bonneville Power Administration is on target to enter the Western EIM in early May after executives made a final determination on its market readiness.

On April 3, CAISO topped its record for renewables serving load that it had set a week before, coming closer to briefly meeting demand with 100% clean energy.

SPP said it plans to close its Western Energy Imbalance Service, with members joining either its proposed Markets+ program or its Western RTO.

BPA should have enough generation to avoid capacity deficits if it decides to join the “binding” phase of the Western Resource Adequacy Program.