Western Energy Imbalance Market (WEIM)
BPA would earn $65 million in annual benefits from joining CAISO’s EDAM but face $83 million in increased yearly costs from participating in SPP’s Markets+, according to a new Brattle study.
State utility commissioners who launched the West-Wide Governance Pathways Initiative in July 2023 have praised the initiative’s “Step 2” proposal to create a “regional organization.”
The white paper by The Brattle Group offers a point-by-point comparison of CAISO’s Extended Day-Ahead Market and SPP’s Markets+ that leans in favor of EDAM but stops short of endorsing either market.
Pairing power-hungry data centers with clean energy resources is sparking mixed feelings among regulators, who say the grid already is straining with increased electrification and connecting new energy sources.
The next phase of the Price Formation Enhancements Initiative will look to address issues around market power mitigation, scarcity pricing and fast-start pricing.
CAISO focused on CRRs when it served up the latest volley in the ongoing dispute over what played out on the Western grid during the January cold snap that forced Northwest utilities to import high volumes of energy to avoid blackouts.
The CAISO Board of Governors and Western Energy Markets Governing Body passed two proposals that address different issues within Western markets.
Pathways released its Step 2 draft proposal for dividing up functions between CAISO and the new “regional organization” that initiative backers are seeking to create to oversee the ISO’s Western real-time and day-ahead markets.
PacifiCorp is poised to realize up to $359 million a year in net benefits from participating in CAISO’s EDAM, nearly double a previous estimate, according to a newly updated study by The Brattle Group.
FERC largely approved Order 2023 compliance filings for four utilities in the West and Texas, directing them to submit further compliance filings within 60 days.
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