Western Energy Imbalance Market (WEIM)
Western Energy Imbalance Market prices increased sharply in the second quarter of 2025 compared with the same period in 2024, mostly due to higher natural gas prices at Western hubs.
After years in the making, CAISO released a price formation proposal intended to reduce “unnecessary” market power mitigation, strengthen reliability and provide consistent pricing incentives in the WEIM and future EDAM.
Six Western U.S. senators came out in support of the California legislation needed to transform CAISO’s market into an independent regional energy market, saying in a letter to Gov. Gavin Newsom the bill promises "improved grid reliability and significant energy cost savings.”
Four Western utility executives participating in an Energy Bar Association webinar presented their reasoning for why they ultimately chose either SPP’s Markets+ or CAISO’s EDAM, with some eyeing the creation of a full regional transmission organization in the future.
The West-Wide Governance Pathways Initiative is preparing to file the incorporation documents for the independent RO that will govern CAISO’s energy markets, while funding challenges remain.
FERC approved CAISO's Western Energy Imbalance Market implementation agreement with Imperial Irrigation District.
Trade organizations for utilities and large energy consumers seek to intervene in the lawsuit filed in the 9th Circuit Court of Appeals challenging the Bonneville Power Administration’s decision to join SPP’s Markets+ instead of CAISO’s EDAM.
CAISO’s Western Energy Imbalance Market provided participants with $422.44 million in economic benefits during the second quarter of 2025, up 15% compared with the same period year earlier despite no change in membership.
The West-Wide Governance Pathways Initiative will run its stakeholder processes separately from CAISO’s until the effort's regional organization is formally launched in 2028, even in areas of overlapping interest.
California’s fastest-growing energy resource — battery storage — is earning less net revenue each year, while capacity is forecast to continue to boom.
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