ISO Board moves to increase market efficiency
The California Independent System Operator Corporation (ISO) Board of Governors today approved rule changes to improve wholesale market efficiency, voted to move forward on a transmission project, and took action on the ISO’s 2015 budget. The board voted unanimously in approving rule changes to create pricing enhancements to its wholesale market. These include the following: · applying administrative pricing rules when market clearing prices are not available (administrative pricing is used during market disruptions or suspensions when prices cannot be generated normally); ·