Western Energy Imbalance Market (WEIM)
FERC granted CAISO's request to remove the sunset date on the Western Energy Imbalance Market Assistance Energy Transfer feature, which has been used by more than 10 of the market’s balancing area authorities in recent years.
PacifiCorp is hiring additional employees to prepare for CAISO’s Extended Day-Ahead Market next year, with staff expecting the launch will bring a few “scratches and bruises.”
CAISO’s Board of Governors approved two proposals intended to improve how the ISO calculates resource adequacy values and tracks RA supply.
PacifiCorp and Portland General Electric remain on track to join CAISO’s Extended Day-Ahead Market on their planned entry dates, although the schedule remains “very tight and very aggressive."
The West-Wide Governance Pathways Initiative’s Launch Committee Co-Chair Pam Sporborg said the stakeholder process of the new regional organization that will oversee CAISO’s energy markets is an evolution of the ISO’s Regional Issues Forum.
The West-Wide Governance Pathways Initiative soon will begin the nomination process to select the initial board of the independent regional organization that will govern CAISO’s energy markets.
With California passing the bill designed to transition the governance of CAISO’s markets to an independent regional organization, new challenges await the West-Wide Governance Pathways Initiative as the coalition seeks to turn a once-elusive goal into reality.
Western Energy Imbalance Market prices increased sharply in the second quarter of 2025 compared with the same period in 2024, mostly due to higher natural gas prices at Western hubs.
After years in the making, CAISO released a price formation proposal intended to reduce “unnecessary” market power mitigation, strengthen reliability and provide consistent pricing incentives in the WEIM and future EDAM.
Washington’s Ecology Department clarified that cap-and-invest rules that apply to CAISO’s Western Energy Imbalance Market also will cover the ISO’s Extended Day-Ahead Market when it begins operations in 2026.
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