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November 22, 2024
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FERC Orders More Refunds from 2020 Western Heat Wave
Sales Exceeded Soaring Prices at Trading Hubs
Wholesale prices for electricity in the desert Southwest and California soared in the extreme heat event of August 2020.
Wholesale prices for electricity in the desert Southwest and California soared in the extreme heat event of August 2020. | Shutterstock
May 22, 2022 | Hudson Sangree
FERC continued to tell utilities to refund premiums they earned on top of extraordinarily high prices in August 2020 during a heat wave.
CAISO/WEIMEnergy MarketFERC & FederalPublic Policy
Keywords2020 Western heat wavesBrookfield Renewable Energy PartnersCalifornia Independent System Operator (CAISO)Federal Energy Regulatory Commission (FERC)rolling blackoutsscarcity pricingTri-State Generation and Transmission AssociationUniper Global CommoditiesWestern Electricity Coordinating Council (WECC)
Hudson Sangree
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