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Thursday, June 30, 2022

Power supply groups urge FERC to reform Western offer cap to avoid market uncertainty

The Federal Energy Regulatory Commission’s actions around its enforcement of a $1,000/MWh soft offer cap across most of the West may lead power suppliers to withhold electricity when the grid is most strained, according to the Western Power Trading Forum, or WPTF, and the Electric Power Supply Association, known as EPSA.

The trade groups urged FERC in a Wednesday filing to harmonize the Western Electricity Coordinating Council, or WECC, soft offer cap with the California Independent System Operator’s $2,000/MWh offer cap to reduce uncertainty for market sellers.

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