California PX asks FERC to act on congestion bid caps
The California Power Exchange Corp. (CalPX) filed an emergency motion Monday asking the Federal Energy Regulatory Commission to relax caps on congestion management bids in the day-ahead and day-of wholesale electricity markets. It was the second emergency filing by a California wholesale market participant in as many days. Without immediate action, CalPX officials said bids will once again shift into the real-time market.
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