CAISO Moves for Expedited Change to Soft Offer Cap

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ISO Looking to Increase the Cap for Battery and Hydro Resources Ahead of Summer

RWE battery storage facility in Fresno County, Calif. | RWE

May 20, 2024 | Robert Mullin

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.

Battery Electric Storage Energy Market Hydropower Other CAISO Committees

KeywordsCAISO Market Surveillance Committee California Independent System Operator (CAISO)default energy bid (DEB)FERC Order 831 offer cap

Robert Mullin

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