FERC Tells PacifiCorp to Refund Premiums

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Prices in WECC Soared During Strained Grid Conditions of August 2020

Triple-digit heat strained the Western grid in August 2020, pushing electricity prices to new highs. | Shutterstock

Apr 21, 2022 | Hudson Sangree

FERC ordered PacifiCorp to refund premiums it received for sales above WECC's soft price cap of $1,000/MWh during the severe Western heat wave of August 2020.

CAISO/WEIM California Company News Energy Market

Keywords2020 Western heat waves California Independent System Operator (CAISO)day-ahead market (DAM)Federal Energy Regulatory Commission (FERC)Intercontinental Exchange (ICE)James Danly PacifiCorp rolling blackouts Western Electricity Coordinating Council (WECC)

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