The coalition of utility commissioners that proposed the creation of an independent Western RTO is wasting no time getting the project up and running.

CAISO scored a potentially important victory when the Balancing Authority of Northern California said it will pursue membership in the ISO’s Extended Day-Ahead Market — and not SPP’s Markets+.

CAISO asked FERC to approve the rules for its EDAM and revisions to its existing day-ahead market, intended to more accurately forecast load.

State regulators have launched a process to develop “guiding principles” regarding participation in a regional day-ahead market or RTO.

While some stakeholders are ‘charmed’ by SPP’s market initiative effort, others urge need for deeper tie to CAISO.

The Western Energy Imbalance Market topped $4 billion in cumulative benefits in the second quarter of 2023, just six months after it topped the $3 billion mark.

Utility regulators from Oregon and California discussed their proposal for a new independent RTO covering the entire West for the first time publicly.

The competition for organized markets in the West grew Friday as the Bonneville Power Administration launched a process to choose between day-ahead markets proposed by CAISO and SPP and regulators from five Western states urged the establishment of a new, independent RTO covering the entire West.

Changes meant to improve the performance of CAISO’s day-ahead market and the planned day-ahead expansion of its Western Energy Imbalance Market won board approval.

Western state regulators unanimously approved a revised charter for the Markets+ State Committee allowing additional states and Canadian provinces to join.