December 27, 2024

Western Energy Imbalance Market (WEIM)

FERC Order Prods CAISO to Allow EIM Intertie Bidding
FERC rejected the CAISO proposal to prohibit EIM participants from implementing economic bidding at the market’s external interties.
CAISO Board Appoints Western Energy Imbalance Market Governing Body
The CAISO Board of Governors appointed five members to the newly established governing body of the western Energy Imbalance Market (EIM).
Governance Plan Fails to Dispel Western RTO Concerns
CAISO stepped up efforts to convert skeptics of a Western RTO, convening a forum in Denver to discuss a proposed set of governing principles.
PGE to Shut Down Diablo Canyon, California’s Last Nuclear Plant
PG&E (NYSE:PCG) will shut down Diablo Canyon, CA’s last nuclear power plant under an agreement with environmental, labor and anti-nuclear coalition.
CAISO Study Would ID Gas Generators Vulnerable to Early Retirement
CAISO proposed a study to identify the natural gas-fired units most vulnerable to retirement in its balancing area.
Low Gas Prices, Increased Solar Undercut CAISO 2015 Power Costs
CAISO's Department of Market Monitoring reported that solar power surpassed wind in 2015, becoming the largest source of renewable generation.
Berkshire Market-Based Sales Restricted in 4 Western BAAs
FERC  revoked authorization for Berkshire Hathaway Energy subsidiaries to sell wholesale power at market-based rates in four  balancing authority areas.
Aliso Canyon Gas Restrictions Cloud CAISO Summer Outlook
New generation and a rebound in hydroelectric capacity means healthy operating reserve margins for California this summer.
Berkshire Denied Rehearing on EIM Market Power
FERC upheld a decision that prohibits two companies’ generating units from offering energy into the Western EIM at prices above default energy bids.
CAISO EIM Boosts Market for Renewables in Q1
The expanded western EIM provided California a new outlet for surplus renewables, according to CAISO.

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