CAISO’s Market Surveillance Committee said the ISO needs to consider implementing scarcity pricing as a way to obtain energy during heat waves and supply shortages.

Members of CAISO’s Market Surveillance Committee and stakeholders wrangled over systemwide market power and ways to limit it.

FERC ordered Vitol and a senior trader to show cause why they should not be fined for manipulating CAISO’s market to limit losses on the company’s CRRs,

A spike in natural gas prices drove up the cost of wholesale electricity in CAISO in Q1 2019, but changes to CRR Auctions appears to be working .

CAISO’s efforts to rein in congestion revenue rights insufficiencies seemed to show progress, but fell short in the last months of 2018.

CAISO’s congestion revenue rights market showed unusual surpluses this summer because of higher congestion rents on Path 26.

After a surge in Q1, CAISO prices fell in the second quarter based on lower prices for natural gas and increased output from wind, hydroelectric and solar.

CAISO prices surged in Q1 on falling hydroelectric output and increased costs for natural gas, the ISO’s Department of Market Monitoring told stakeholders.

CAISO’s fourth quarter was beset by 15-minute market energy shortages and a significant shortfall in CRR auction revenues, the ISO’s Market Monitor said.

CAISO is moving ahead with major modifications to its congestion revenue rights (CRR) auction even as some stakeholders urge a deeper look.