Energy trade group protests California market design

By Sylvie Dale, Online Editor

June 5, 2002 -- An energy industry trade group filed a protest Tuesday on a California energy market proposal, saying that it was too restrictive for traders and would fail in its goal to establish a healthy market.

The Independent Energy Producers (IEP) association (www.iepa.com), a group made up of virtually all major providers of wholesale electricity in California, has filed with the Federal Energy Regulatory Commission (FERC) that California Independent System Operator's (ISO) plan filed on May 1 calls for mitigation measures, but does not have an overall comprehensive market design and does not encourage investment in resources and transmission infrastructure, Dow Jones reported.

The California ISO plan calls for a soft cap on electricity prices of $108/MWh and a "must offer" rule which would force generators to bid their available, unscheduled electricity into the market.

The IEP said it supports the must offer rule with some small modifications, but that the price cap at $108/MWh was inappropriate. In general, IEP's filing continued, the entire plan contains mechanisms that are essentially overkill for what is needed.

The existing market plan expires on Oct. 1, and California ISO has asked FERC to reply to its proposal by July 31.

To read the complete IEP filing protesting the design, visit http://www.iepa.com/.%5Cdocuments%5C020601_protest_ER02-1656_FINAL.pdf.

To read the California ISO market design filing, visit http://www.caiso.com/docs/2001/12/21/2001122108490719681.html.

Sponsored by FLSmidth

Related Articles

Wisconsin Electric gets no bids to buy Presque Isle coal plant

Wisconsin Electric Power hasn't gotten any purchase bids at this point off a recent request for proposals (RFP) that it issued for the coal-fired Presque Isle power plant in Michigan's Upper Peninsula.

Gas, renewables account for new generation additions in February

Basin Electric Power Cooperative has commissioned its 45-MW Pioneer 2 peaking unit in North Dakota and it was the largest conventional peaking plant to come online during February as renewables accounted for the rest of the new generation.

Follow Power Engineering on Twitter

Latest News

Gas Turbine Air Filtration

Power Engineering Photo of the Day

GRDA Breaks Ground on Western Hemisphere’s First 501 J Series Gas Turbine

What will likely be the first Mitsubishi Hitachi Power Systems 501 J combined-cycle gas turbi...

Fitch downgrades bonds for Colver waste coal power plant in Pennsylvania

Fitch Ratings said Jan. 23 that, due to concerns about an "aging" power plant that ...

Blizzard warnings drive up Northeast gas, power prices

Spot power and natural gas prices surged for the Northeast as that region prepared for a majo...

OSU regents approve construction of new central plant

The Oklahoma State University Board of Regents has authorized construction of a new central p...

Duke Energy to build solar power facility at North Carolina military camp

Peabody Energy names new president, CEO

Peabody Energy (NYSE: BTU) announced that Glenn Kellow, current president and chief operating...

Vermont bill would set new standards for renewable energy

Vermont is considering a change to its energy policy that would end a practice that critics s...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

There is no current content available.

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>