FERC Approves CAISO Request to Lift Soft Offer Cap for Hydro, Storage

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View of the Tehachapi Energy Storage Project in Tehachapi, Calif. | Sandia National Laboratories

Jul 31, 2024 | Ayla Burnett

FERC accepted CAISO’s proposal to allow for storage resources to bid above the ISO’s $1,000/MWh soft offer cap in the real-time market to account for their intraday opportunity costs.

Battery Electric Storage California Energy Market Hydropower Public Policy

KeywordsCAISO Department of Market Monitoring (DMM)California Independent System Operator (CAISO)California Public Utilities Commission (CPUC)default energy bid (DEB)ER24-2168 Federal Energy Regulatory Commission (FERC)FERC Order 831 offer cap opportunity cost Price Formation Enhancements Working Group reference level adjustment request (RLCR)

Ayla Burnett

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