CAISO Extended Day-Ahead Market (EDAM)
Reps from two groups that blocked past efforts to “regionalize” CAISO predict success for an upcoming campaign to change California law to allow the ISO to participate in an independent RTO.
The West-Wide Governance Pathways Initiative applied for the money in January in response to a DOE Funding Opportunity Announcement, seeking two tranches of $400,000 each to be disbursed over two years to help support the effort build an independent Western RTO.
More than two dozen Western electricity sector entities sent a letter to SPP expressing support for the continued development of the RTO’s Markets+, which is competing for participants with CAISO’s Extended Day-Ahead Market.
Two competing day-ahead markets from CAISO and SPP are taking different approaches to resource sufficiency and adequacy, according to presenters at a workshop included in a regulatory effort to help inform NV Energy’s decision on which market to join.
Backers of an initiative to create an independent Western RTO that builds on CAISO’s markets have floated a plan to untangle the snag that’s hung up past efforts to “regionalize” the ISO: a lack of independent governance.
A key factor in the CAISO EDAM advantage is the benefits the utility would lose by leaving the Western Energy Imbalance Market, a Brattle Group consultant said.
The Bonneville Power Administration released a much anticipated staff report that tentatively recommends the agency choose SPP’s Markets+ over CAISO’s Extended Day-Ahead Market.
CAISO scored simultaneous victories in heavily contested territory after Portland General Electric and Idaho Power both signaled their intent to join the Extended Day-Ahead Market.
CAISO stakeholders and staff could soon be weighing two options for enabling the EDAM to track GHGs in a way that accommodates the patchwork of different carbon reduction programs across Western states.
The West-Wide Governance Pathways Initiative has secured commitments of financial support from 24 utilities and other electricity-sector organizations and expects that list to grow.
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