July 13, 2024

offer cap

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.
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.
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.
© RTO Insider
PJM Market Implementation Committee Briefs: July 11, 2018
Fernandez told the PJM MIC that his staff are still completing calculations for retroactively reallocating costs for certain transmission projects.
© RTO Insider
PJM Markets and Reliability Committee Briefs: May 24, 2018
PJM and the Monitor presented members with separate proposals to revise the long-term financial transmission rights market.

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