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Wholesale Electricity Costs Down in 2006

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Summary:

Wholesale Electricity Costs Down in 2006. ISO Annual Market Performance Report Shows Markets Stable and Competitive for Fifth Year in a Row.

Extract:

(Folsom, CA) The impartial Department of Market Monitoring for the California Independent System Operator Corporation (California ISO) presented its 2006 Annual Report on Market Issues and Performance to the ISO Board of Governors today. The report shows a reduction in wholesale electricity prices in 2006 and, for the fifth year in a row, stable and healthy competition in the spot markets. Last year, California saw a 1-in-57-year heat wave that drove energy demand to record levels. According to the report, despite extreme operating conditions, both the grid and the markets performed well in 2006.

Document Locations:

• News Releases - 2007