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 CAISO/WEIM California Energy Market Hydropower

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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