2023 proved to be an anomalous year for electricity prices in CAISO, driven by an unlikely combination of mild summer weather, abundant hydro generation, low gas prices, and an absence of heat waves. A storm is coming, however. Aggressive decarbonization policy mandates, record demand for renewable energy, and rapidly increasing load growth signify a robust need for new capacity resources and will present serious challenges for system reliability.

In this webinar previewing the Ascend CAISO 5.1 Market Report, Dr. Gary Dorris, CEO at Ascend Analytics, joined Dr. Brent Nelson, Managing Director of Markets and Strategy, to discuss the underlying structural power market challenges that lie ahead in CAISO.