NorthWestern Energy said that it will join the Western Energy Imbalance Market in spring 2021, making it the 14th utility to announce plans to sign on.

FERC approved CAISO’s proposal to limit the megawatt quantity of the bid adder for the Western Energy Imbalance Market.

CAISO said Monday its Western Energy Imbalance Market has produced more than a half-billion dollars in benefits for participants since its founding five years ago, including more than $100 million in benefits in the third quarter of 2018.

The formation of a Western energy market was a contentious topics of discussion at the fall joint meeting of CREPC and WIRAB.

Public Service Company of New Mexico (PNM) has applied to join the Energy Imbalance Market by 2021, the EIM Governing Body learned.

The Western Energy Imbalance Market saw financial benefits soar to a record $71.2 million in the second quarter, according to a CAISO report.

CAISO EIM officials approved a proposal to prevent market participants outside Ca. from skirting the state’s greenhouse gas (GHG) compliance obligations.

CAISO’s Board of Governors approved revisions to the ISO’s congestion revenue rights auction, and the EIM Governing Body approved Travis Kavulla as a member.

Powerex is navigating a turbulent relationship with EIM rules the company says undercut the value of its hydro power resources.

CAISO’s first-quarter (Q1) revenues were $1.2 million more than it had budgeted, primarily because of entrance fees it collected for the EIM.