offer cap
Xcel Energy
The Texas Supreme Court ruled ERCOT and the Public Utility Commission were within the law when they raised wholesale prices to more than 300 times above normal during Winter Storm Uri.
Terra-Gen
CAISO’s Board of Governors and WEIM Governing Body unanimously voted to approve an expedited proposal to increase the ISO’s soft offer cap from $1,000/MWh to $2,000.
RWE
CAISO is proposing to raise the soft offer cap in its market from $1,000/MWh to $2,000 to accommodate the bidding needs of battery storage and hydro resources in time for operations this summer.
Texas Admin Monitor
The Texas PUC exercised its newfound authority to bypass ERCOT’s stakeholder process and direct utilities to add a second circuit to an existing line.
CAISO won FERC approval for its second effort to allow generators to recover the costs of higher natural gas prices.
ISO-NE’s energy transactions rang in at $159 million in April, the lowest monthly total since 2003, the NEPOOL Participants Committee heard.
MISO is hoping to avoid the need for a 6th straight waiver of its $1,000/MWh offer cap this winter, filing a year ahead of a FERC deadline.
© RTO Insider
Fernandez told the PJM MIC that his staff are still completing calculations for retroactively reallocating costs for certain transmission projects.
© RTO Insider
PJM and the Monitor presented members with separate proposals to revise the long-term financial transmission rights market.
© RTO Insider
PJM’s Market Implementation Committee approved manual revisions reducing the number of virtual bidding locations by almost 90%.
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