Western Energy Imbalance Market (WEIM)
The results from a WMEG study indicate that many entities outside California would see more benefits from a two-market outcome while the Golden State has the most to lose from such a split.
When it comes to choosing between Western day-ahead market offerings, who else is participating in the market is a key consideration, a representative of a New Mexico utility said.
Western stakeholders expressed enthusiasm for the West-Wide Governance Pathway Initiative but called for more transparency in developing a regional market.
CAISO is looking at scrapping a catalog of about 60 proposed policies, which include many stakeholder suggestions, saying the document has become “unwieldy” and it might be better to start over from scratch.
Electricity sector stakeholders expressed divisions over BPA's plan to pursue an aggressive timeline for deciding whether to join CAISO’s EDAM or SPP’s Markets+.
The stars may not yet have aligned for CAISO in the contest to bring an organized electricity market to the West, but key industry players appeared to be doing just that at an ISO event to celebrate the progress of its Extended Day-Ahead Market.
NV Energy wants to convert its last coal-fired power plant to a gas-fueled facility, as the utility continues to be plagued with cancellations and delays of planned solar projects.
Idaho Power asked FERC to overturn a $700,000 fine for what it called a minor metering mistake that had no real impact on the Western Energy Imbalance Market.
While some stakeholders are ‘charmed’ by SPP’s market initiative effort, others urge need for deeper tie to CAISO.
The Western Energy Imbalance Market topped $4 billion in cumulative benefits in the second quarter of 2023, just six months after it topped the $3 billion mark.
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