September 29, 2024

Balancing Authority of Northern California (BANC)

CAISO
Western EIM Sees Record Benefits in Q3
The Western Energy Imbalance Market racked up $301 million in benefits in the third quarter of 2021, surpassing or approaching yearly totals in 2019 and 2020.
Cold Snap Yields Record Q1 Benefits for Western EIM
CAISO's EIM provided its members $101.01 million in economic benefits during the first three months of 2021, an increase of 75% over a year ago.
FERC: New Goldman Unit an Affiliate
FERC granted Goldman Sachs Renewable Power Marketing authority to make market-based sales but said it would consider it an affiliate of The Goldman Sachs Group investment bank despite its objections.
New Agreement Swaps COTP Access for CAISO CRRs
FERC will allow the Transmission Agency of Northern California to convert capacity on a line into “option” congestion revenue rights in the CAISO market.
EIM Entrants Cite Changing West as Motivation for Joining
CAISO’s EIM Governing Body and Regional Issues Forum heard from Modesto Irrigation District, Tacoma Power and Turlock Irrigation District.
Bonneville Power Signs Agreement with CAISO EIM
The Bonneville Power Administration signed an implementation agreement with CAISO to begin participating in the Western Energy Imbalance Market in 2022.
EIM Attracts More BANC Members, WAPA Region
Three BANC members and WAPA’s Sierra Nevada division jointly announced they intend to join CAISO's Western Energy Imbalance Market.
CAISO Seeking to Contain PSPS Spillover
CAISO will seek to protect neighboring balancing authority areas if investor-owned utility members de-energize transmission lines due to wildfire threats.
SMUD Goes Live in Western EIM
The Western Energy Imbalance Market continued expanding as the Sacramento Municipal Utility District became the first publicly-owned utility to begin participating in CAISO’s real-time electricity market for the West.
SMUD Balancing Area Inks Agreement for EIM Membership
The balancing area for the Sacramento Municipal Utilities District signed an agreement allowing SMUD to join the Western EIM in 2019.

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