CAISO Extended Day-Ahead Market (EDAM)
California state lawmakers introduced a much-anticipated bill to implement “Step 2” of the West-Wide Governance Pathways Initiative, marking a significant step toward the creation of a new independent “regional organization” to oversee governance of CAISO’s markets.
The resignations of COO Joel Cook and Senior Vice President of Transmission Richard Shaheen are the latest in a series of unsettling developments at the federal power agency.
The deadline to submit bills for California’s 2025 session is looming, and backers of the West-Wide Governance Pathways Initiative expect legislation without unnecessary fluff that will change CAISO’s governance structure and allow a new regional organization to oversee Western energy markets.
The new paper from Powerex is likely to reignite the debate between supporters of CAISO’s Extended Day-Ahead Market and SPP’s Markets+ just as the competition between the two markets approach critical junctures.
BPA CEO John Hairston said the agency is committed to President Donald Trump’s goal to “unleash American energy dominance,” while also revealing that about 200 staff have accepted the president’s deferred resignation offer.
With go-live dates for its first two participants looming in May and October of next year, implementation activities for CAISO’s EDAM are ramping up.
A workshop on the West-Wide Governance Pathways Initiative has sparked praise for the proposal as well as concerns, including uneasiness over plans to share staffing between CAISO and a new regional organization that would govern Western electricity markets.
Financial backers of Phase 2 of SPP’s Markets+ have until Feb. 14 to submit executed funding agreements, the RTO said.
BPA would have to strike several types of agreements, many of which are complex and could take years to implement, to tackle seams that could arise if BPA joins a day-ahead market, agency staff said during a workshop.
BPA could face high implementation fees and operating costs under both SPP’s Markets+ and CAISO’s EDAM, but exact amounts are in flux.
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