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.

FERC approved $2.3 million in penalties against Vitol and one of its traders for manipulating CAISO's market in 2013 to limit losses stemming from the firm's congestion revenue rights position.

FERC proposed allowing RTOs to share credit information about market participants, fulfilling a request the grid operators made at a 2021 technical conference.

ERCOT stakeholders are waiting on final direction from Texas officials as they tackle issues arising out of February’s disastrous winter storm.

CAISO issued a proposal outlining the leading edge of its plan to bring day-ahead trading to the Western Energy Imbalance Market.

The ERCOT Technical Advisory Committee unanimously approved a change to how emergency response service resources return following recall.

The ERCOT Technical Advisory Committee approved the Corpus Christi North Shore transmission project to address more than 1 GW of industrial load growth.

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

FERC will allow the Transmission Agency of Northern California to convert capacity on a line into “option” congestion revenue rights in the CAISO market.

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