A Texas appeals court has reversed a Public Utility Commission’s scarcity-pricing order and remanded it back to the PUC for further proceedings.
CAISO revamped its policy initiatives roadmap to reflect its to top strategic goals including ensuring resource adequacy and expanding its Western market role.
FERC continued to tell utilities to refund premiums they earned on top of extraordinarily high prices in August 2020 during a heat wave.
ERCOT’s Technical Advisory Committee conducted its first regular meeting since the February winter storm, which unsurprisingly dominating the discussion.
CAISO’s Market Surveillance Committee has endorsed a set of rule changes designed to avoid shortfalls this summer.
CAISO introduced a straw proposal that aims to attract supply this summer and head off shortfalls like those that led to rolling blackouts last year.
CAISO said it plans to begin a stakeholder initiative on scarcity pricing with an issue paper and formal start in January.
CAISO’s Market Surveillance Committee said the ISO needs to consider implementing scarcity pricing as a way to obtain energy during heat waves and supply shortages.
MISO is once again evaluating the effectiveness of the rules behind its scarcity pricing just three years after shelving a similar effort.
MISO said it continues to weigh changes to its markets and resource adequacy construct as part of its multiyear resource availability and need project.
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