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Houston — Wholesale power prices in the Electric Reliability Council of Texas market fell in November both month on month and year on year, as shoulder season took hold, wind output surged and natural gas prices weakened.

With the cooler weather came higher expectations for power demand in the winter months, which caused winter power forwards to climb, in comparison with their averages in October, but they remained substantially lower than what the December and January on-peak forwards averaged last November.

Day-ahead on-peak locational marginal prices across the …

Washington — The California Independent System Operator received Federal Energy Regulatory Commission approval to toss a market rule requiring automated bid generation in the real-time market for certain power imports that help the region with resource adequacy.

The ISO argued that nixing the rule, which was never put into practice, avoids the potential for costly out-of-market actions and reliability concerns tied to making a real-time award based on an ISO-generated bid for an imported resource that is …