November 21, 2024

WEIM Governing Body

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Proposal to Refine Bid Cost Recovery for Storage Passes Unanimously

CAISO’s Board of Governors and the Western Energy Markets Governing Body voted unanimously to pass a proposal that will modify the calculation used to determine bid cost recovery payments for storage resources.

NW Energy Coalition
CAISO, WEM Boards Approve Pathways ‘Step 1’ Tariff Amendments

CAISO’s Board of Governors and WEM Governing Body approved ISO tariff amendments needed to implement the West-Wide Governance Pathways Initiative’s “Step 1” proposal.

NOAA
Batteries, Energy Transfers Support ‘Uneventful’ Summer in West
The growth of battery storage resources in the West largely contributed to an "uneventful" summer on the grid, despite record-breaking peak loads and temperatures.
Shutterstock
CAISO Passes Initiatives to Address Meter Data Reporting, Expand Trading
The CAISO Board of Governors and Western Energy Markets Governing Body passed two proposals that address different issues within Western markets.
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
CAISO
CAISO Advances Pathways Initiative ‘Step 1’ Proposal to Board Vote
CAISO will recommend its board approve a proposal to eventually give the WEM Governing Body increased authority over both the Western EIM and EDAM.
CAISO
WEIM Governing Body Officially Changes Name
The WEIM Governing Body voted to change its name to the “Western Energy Markets” Governing Body to better reflect its full scope of responsibility since it began overseeing CAISO’s EDAM.
CAISO
CAISO Kicks off Stakeholder Process for Pathways Initiative
CAISO kicked off the West-Wide Governance Pathways Initiative stakeholder process required to shift the ISO’s governance structure to an independent entity within the Extended Day-Ahead Market.
Terra-Gen
CAISO, WEIM Boards Approve Proposal to Raise Offer Cap
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.
WAPA
WAPA DSW Cites Lack of Benefits in Markets+ Withdrawal
WAPA's Desert Southwest Region pulled out of the second phase of developing SPP's Western day-ahead market after determining it would see few benefits from participating in either Markets+ or EDAM.

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