CAISO, WEIM Boards Approve Proposal to Raise Offer Cap

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May 28, 2024 | Robert Mullin

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.

Battery Electric Storage CAISO Board of Governors Energy Market Hydropower WEIM Governing Body

KeywordsBonneville Power Administration (BPA)CAISO Market Surveillance Committee California Independent System Operator (CAISO)California Public Utilities Commission (CPUC)default energy bid (DEB)FERC Order 831 offer cap price formation Price Formation Enhancements Working Group Seattle City Light Western EIM Governing Body Western Energy Imbalance Market (WEIM)Western Power Trading Forum

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