Platts The California Independent System Operator is defending its plan to limit financial speculation related to congestion revenue rights, arguing that market participants will still have ample opportunities to hedge congestion costs. “Given the significant ratepayer losses under the current…
Tag: CaL-ISO
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…