Gridwell Consulting
Assembly Bill 2368 would require the California Public Utilities Commission to adopt a 1-in-10 loss of load expectation — or a similarly robust planning standard — when setting resource adequacy requirements.
Congestion revenue rights auctions averaged $62 million in losses between 2019 and 2023, down nearly $50 million since changes were implemented in 2019 but “still very high,” said CAISO’s Department of Market Monitoring.
CAISO staff and stakeholders are looking to address an inconsistency in how the ISO tests for structural market competitiveness inside and outside of its balancing authority area in the Western Energy Imbalance Market.
The study finds dividing CAISO’s EDAM from SPP’s Markets+ would create seams that pose a different set of problems than challenges seen at the boundaries of full RTOs in other parts of the U.S.
CAISO staff and stakeholders again dove into the details of the ISO’s resource adequacy construct, including potentially creating year-ahead requirements and refining the existing capacity procurement mechanism.
A meeting of CAISO’s Greenhouse Gas Coordination Working Group illustrated the complexity Western stakeholders confront in addressing greenhouse gasses in the region’s expanding electricity markets.
FERC Chairman Richard Glick says "the time is right for the states, the region’s utilities and other key stakeholders" to form one or more Western RTOs.
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