December 4, 2024

Western Energy Imbalance Market (WEIM)

Western Power Pool
WRAP Members Vote to Delay ‘Binding’ Phase to Summer 2027
The Western Resource Adequacy Program’s key stakeholder body approved a plan that would postpone the start of its penalty phase by one year, to summer 2027.
Tacoma Public Utilities
3rd ‘Issue Alert’ Compares Pricing Practices in Markets+, EDAM
Enhanced protections against uncompetitive market behavior are among several tools to ensure fair and accurate pricing under a Markets+ framework, according to the latest "issue alert" from entities that back its development.
Bonneville Power Administration
BPA Postpones Day-ahead Market Decision Until 2025
The Bonneville Power Administration will delay its decision on choosing between SPP’s Markets+ and CAISO’s Extended Day-Ahead Market until May 2025.
Stanford Woods Institute for the Environment
Single Western Market Best for Reliability Needs, Panelists Say
A single Western market is one of the safest bets to address the region’s reliability and cost issues in the face of extreme weather events, proponents of the West-Wide Governance Pathways Initiative said during a panel discussion.
CAISO
CAISO Kicks Off New Initiative to Streamline Bilateral Trading

A new initiative to streamline and expand bilateral trading in the Western Energy Imbalance Market and Extended Day-Ahead Market has been launched, marking another step toward EDAM implementation.

CAISO
CAISO, WEM Boards Approve Pathways ‘Step 1’ Plan
A proposal to elevate the Western Energy Markets Governing Body’s authority over CAISO energy markets was unanimously approved by the Governing Body and ISO Board of Governors
Arizona Public Service
Markets+ Backers Highlight Reliability in 2nd ‘Issue Alert’
The integration of Markets+ with the Western Resource Adequacy Program would be among a handful of key reliability benefits of SPP’s Western day-ahead offering, according to an “issue alert” published by 10 entities that backed development of the market.
© RTO Insider LLC
No Clear Blueprint for Western ‘RO’ Stakeholder Process
One thing has become abundantly clear after three intensive workshops this summer: there’s no blueprint for developing the stakeholder process for the “regional organization” envisioned by the West-Wide Governance Pathways Initiative.
CAISO
‘Operational Surprises’ Contributed to CAISO July 2023 Emergencies
CAISO’s own systems may have contributed to a set of “operational surprises” that forced it to declare a series of energy emergency alerts in July 2023, a member of the ISO’s Market Surveillance Committee said.
CAISO
WEIM Yields $365M in Q2 Benefits with Hot Start to Summer
CAISO’s Western Energy Imbalance Market provided its 22 participants with $365.04 million in economic benefits from April to June down 4% from the same period a year ago.

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