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Commission Conditionally Accepts CAISO Market Design, Orders Systems to be Tested, Ready Before Implementation

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Summary:


FERC CONDITIONALLY ACCEPTS CAISO MARKET REDESIGN, ORDERS SYSTEMS TO BE TESTED, READY BEFORE IMPLEMENTATION


Extract:

The Federal Energy Regulatory Commission today conditionally accepted the California Independent System Operator’s (CAISO) Market Redesign and Technology Upgrade (MRTU) proposal, concluding that the tariff reforms will bring important corrections and improvements to the CAISO markets necessary to enhance reliability of the grid, protect customers from market manipulation, and to promote infrastructure development.


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