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November 13, 2024

offer cap

Sandia National Laboratories
FERC Approves CAISO Request to Lift Soft Offer Cap for Hydro, Storage
FERC accepted CAISO’s proposal to allow for storage resources to bid above the ISO’s $1,000/MWh soft offer cap in the real-time market to account for their intraday opportunity costs.
CAISO
CAISO Kicks off Storage Bid Cost Recovery Stakeholder Initiative

Batteries may be receiving excessive or inefficient bid cost recovery payments in CAISO, an issue that could be exacerbated by the ISO’s recent move to increase its soft offer cap to allow for higher bids by storage resources.

Shutterstock
FERC Must Apply Mobile-Sierra to Western Soft Cap Refunds, Court Finds
The D.C. Circuit directed FERC to review a series of 2022 orders requiring wholesale electricity sellers in the West to refund a portion of the high prices they earned during an August 2020 heat wave.
Xcel Energy
Texas Supreme Court Rules for ERCOT, PUC During Uri
The Texas Supreme Court ruled ERCOT and the Public Utility Commission were within the law when they raised wholesale prices to more than 300 times above normal during Winter Storm Uri.
Terra-Gen
CAISO, WEIM Boards Approve Proposal to Raise Offer Cap
CAISO’s Board of Governors and WEIM Governing Body unanimously voted to approve an expedited proposal to increase the ISO’s soft offer cap from $1,000/MWh to $2,000.
RWE
CAISO Moves for Expedited Change to Soft Offer Cap
CAISO is proposing to raise the soft offer cap in its market from $1,000/MWh to $2,000 to accommodate the bidding needs of battery storage and hydro resources in time for operations this summer.
Texas Admin Monitor
Texas PUC Directs Transmission Construction in Valley
The Texas PUC exercised its newfound authority to bypass ERCOT’s stakeholder process and direct utilities to add a second circuit to an existing line.
FERC OKs CAISO Cost Recovery Plan for Gas
CAISO won FERC approval for its second effort to allow generators to recover the costs of higher natural gas prices.
NEPOOL Participants Committee Briefs: June 4, 2020
ISO-NE’s energy transactions rang in at $159 million in April, the lowest monthly total since 2003, the NEPOOL Participants Committee heard.
MISO Files Offer Cap Revisions Ahead of Schedule
MISO is hoping to avoid the need for a 6th straight waiver of its $1,000/MWh offer cap this winter, filing a year ahead of a FERC deadline.

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