CalPX will not enforce ‘Soft Cap’

The CalPX, which sets the uniform market clearing price for power purchased in its day-ahead and day-of markets, will accept energy bids above US$150/MWh as well as setting the uniform market clearing price above US$150/MWh if required, according to a notice sent by CalPX Chief Operating Officer John Yurkanin to traders, power suppliers and utilities

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