FERC OKs Cal-ISO plan to improve key tool linked to scarcity pricing

摘要

The Federal Energy Regulatory Commission has approved a California Independent System Operator proposal that will change when scarcity pricing kicks in, finding that Cal-ISO's revised tool will ensure shortage pricing is not triggered when there are no actual shortage conditions on the system. The revised tool could boost energy prices in Arizona and Nevada. But some stakeholders said any use of the tool unfairly suppresses prices and hurts flexible resources. FERC urged Cal-ISO to follow through on its plan to make changes to reduce or eliminate its reliance on tool.