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November 23, 2024
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CAISO Moves for Expedited Change to Soft Offer Cap
ISO Looking to Increase the Cap for Battery and Hydro Resources Ahead of Summer
RWE battery storage facility in Fresno County, Calif.
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 StorageEnergy MarketHydropowerOther CAISO Committees
KeywordsCAISO Market Surveillance CommitteeCalifornia Independent System Operator (CAISO)default energy bid (DEB)FERC Order 831offer cap
Robert Mullin
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