Western Energy Imbalance Market (WEIM)
Backers of the West-Wide Governance Pathways Initiative will move quickly on a proposal to alter the governance of CAISO’s Western EIM and EDAM after voting to approve the plan.
NV Energy intends to join CAISO’s Extended Day-Ahead Market, an official with the utility said, notching a major win for the ISO in its competition with SPP’s Markets+ day-ahead offering in the West.
CAISO’s Board of Governors and WEIM Governing Body unanimously voted to approve an expedited proposal to increase the ISO’s soft offer cap from $1,000/MWh to $2,000.
An NV Energy executive provided the strongest public indication yet as to why the utility is poised to choose the ISO's Extended Day-Ahead Market over SPP’s Markets+.
FERC rejected PacifiCorp’s request to include in its Open Access Transmission Tariff the interest it pays when refunding advance payments such as interconnection study deposits.
FERC granted Nevada Power an exemption simplifying the NV Energy subsidiary’s filing of its triennial updated market power analysis.
BPA’s choice of a day-ahead market will not be driven by concerns about the impact of the seams that would divide the two markets proposed for the West, an agency official made clear.
CAISO’s first-quarter benefits report offers another footnote to the debate over the market’s role in the response to the January deep freeze that brought parts of the Northwest to the brink of rolling blackouts.
Although PacifiCorp formally committed to joining CAISO’s Extended Day-Ahead Market, the utility is still voicing concerns about a competing day-ahead market, SPP’s Markets+, in a FERC filing.
PacifiCorp said it will sign an implementation agreement to join CAISO’s EDAM, making it the first entity to formally commit to either of the two day-ahead markets being offered in the West.
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