CAISO Extended Day-Ahead Market (EDAM)
The Bonneville Power Administration will delay its Western day-ahead market choice beyond a scheduled Aug. 29 announcement date and likely will extend the decision-making process into 2025, according to multiple sources.
A new initiative to streamline and expand bilateral trading in the Western Energy Imbalance Market and Extended Day-Ahead Market has been launched, marking another step toward EDAM implementation.
Protecting the public interest while implementing the Extended Day-Ahead Market and expanding the Western footprint was central to the discussion in a West-Wide Governance Pathways Initiative workshop.
The integration of Markets+ with the Western Resource Adequacy Program would be among a handful of key reliability benefits of SPP’s Western day-ahead offering, according to an “issue alert” published by 10 entities that backed development of the market.
California energy agency heads appeared before state lawmakers to pitch the proposed CAISO governance changes being developed by the West-Wide Governance Pathways Initiative.
Governance should be a “key consideration” for the West in the competition between day-ahead electricity markets because the outcome potentially affects $25 billion a year in energy transactions, according to a new “issue alert.”
Labor groups that blocked past California legislative efforts to “regionalize” CAISO told state lawmakers they “look forward” to working with the legislature next year to pass a bill to implement the governance changes being developed by Pathways.
One thing has become abundantly clear after three intensive workshops this summer: there’s no blueprint for developing the stakeholder process for the “regional organization” envisioned by the West-Wide Governance Pathways Initiative.
SPP’s Markets+ hit a snag after FERC issued a deficiency letter outlining 16 problems the RTO must address in the tariff it filed for the proposed Western day-ahead market in March.
The new "RO" envisioned by the West-Wide Governance Pathways Initiative might be based near CAISO’s headquarters in Folsom, Calif., according to a straw proposal.
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