Cal-ISO market monitor calls for scrapping congestion revenue right auction

Platts

The California Independent System Operator’s congestion revenue right auction process is leading to major losses for ratepayers and should be revamped, according to the grid operator’s market monitor.
ISO transmission ratepayers lost $520 million in the CRR auction from 2012 through 2015, according to a white paper the ISO’s Department of Market Monitoring issued Monday.
CRRs are financial instruments available …

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