Calling current times “very exciting but challenging” for the energy sector, FERC Commissioner Philip Moeller told an industry gathering in Seattle Monday that he thinks the California Independent System Operator’s (CAISO) long-anticipated Market Redesign Technology Update (MRTU) is going to come to fruition later this year, noting the usual qualifier that he was offering his personal opinion and not that of the federal commission. Moeller was a keynote speaker at the Law Seminars International conference, “Buying and Selling Electric Power in the West.”
Even for the Pacific Northwest, Moeller said the CAISO market redesign is a “pretty big deal.” He noted that the date for the MRTU going live is now March 31, and he went to California last month to talk about it with the state grid operator.
“They still think they are going to be on time, but they want to make sure they get it right before they implement the massive new design in that critical market,” Moeller said.
“In the meantime, we are busy processing a variety of filings that have to do with the details. At the Commission we have a big team full time working on this because we want to make sure it works as it was intended.”
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