EDAM
On the surface, CAISO’s Extended Day-Ahead Market and SPP’s Markets+ will take similar approaches to accounting for greenhouse gas emissions — but important differences remain.
The Bonneville Power Administration continued to argue that SPP’s Markets+ is preferable to CAISO’s EDAM, stating in a letter to Seattle City Light that potential benefits of a single West-wide market footprint must be viewed with “significant skepticism."
The Los Angeles Board of Water and Power Commissioners gave the go-ahead for LADWP to join CAISO’s EDAM, in a move expected to increase the utility’s annual net revenue by almost $40 million.
The West-Wide Governance Pathways Initiative still grapples with political uncertainties and governance concerns despite efforts to fix those issues, proponents of SPP’s Markets+ contended.
CAISO is considering how to apply fast-start pricing to the Extended-Day Ahead Market — a topic that has been a sticking point for some as entities across the West decide which day-ahead market to join.
The Balancing Authority of Northern California became the third entity to formally join CAISO’s Extended Day-Ahead Market, following PacifiCorp and Portland General Electric.
The joint announcement by APS, SRP, TEP and UniSource Energy marks a significant win for SPP after a string of victories for CAISO’s competing Extended Day-Ahead Market.
The Pathways Initiative drew praise from many quarters with the vote to approve its “Step 2” proposal, but it was quickly apparent the development will do little to sway Markets+ supporters.
The West-Wide Governance Pathways Initiative received a significant financial boost when DOE awarded nearly $1 million to underwrite its efforts to establish a Western “regional organization” to oversee CAISO’s WEIM and EDAM.
Powerex intends to terminate a large portion of its rights on PacifiCorp’s transmission system in response to the utility’s plans to update its transmission tariff to align with CAISO’s EDAM.
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