The Federal Energy Regulatory Commission last week signed off on requests by ISO New England and the New York Independent System Operator (NYISO) to extend the $1,000 per megawatt hour (MWh) bid caps in their energy markets, but only through the end of October. Meanwhile, a FERC official said that in his view, once the caps expire later this year, that may very well spell the end of such caps in both New York and New England.