Cal-ISO proposes tariff changes to prevent market power
Washington (Platts)
Tariff changes proposed to federal energy regulators by the California Independent System Operator would prevent exercise of market power by expanding the ISO’s mitigation abilities, Cal-ISO said Wednesday.
Cal-ISO proposed the changes to the US Federal Energy Regulatory Commission, saying they would address potential market power in two areas of the Cal-ISO market.
“The ISO has, to date, observed only one market participant taking advantage of these opportunities to exercise market power, and available mitigation measures have limited excessive gains from the behavior,” the ISO told FERC. “However, the ISO has determined that additional mitigation authority is warranted to…