SPP says its stakeholder-driven culture is key to Markets+' success in the Western Interconnection.
CAISO’s first-quarter benefits report offers another footnote to the debate over the market’s role in the response to the January deep freeze that brought parts of the Northwest to the brink of rolling blackouts.
Although PacifiCorp formally committed to joining CAISO’s Extended Day-Ahead Market, the utility is still voicing concerns about a competing day-ahead market, SPP’s Markets+, in a FERC filing.
Utility staff charged with managing real-time operations will be equipped to deal with the seams between two Western day-ahead markets, but the situation will be far from ideal, Western state energy officials heard at the CREPC-WIRAB spring conference.
Backers of the West-Wide Governance Pathways Initiative say they want to move quickly on first part of their proposed plan to shift CAISO’s governance to an independent entity.
PacifiCorp said it will sign an implementation agreement to join CAISO’s EDAM, making it the first entity to formally commit to either of the two day-ahead markets being offered in the West.
FERC approved CAISO’s request to increase its capacity procurement mechanism soft offer cap from $6.31 per kW-month to $7.34.
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.
ERCOT's Board of Directors has remanded a contentious rule change on IRB ride-through requirements back to the Technical Advisory Committee to reduce the "daylight" between opposition positions.
Citing “significant new headwinds” to securing energy resources, participants in the Western Resource Adequacy Program are seeking to delay the program’s “binding” penalty phase by one year, to summer 2027.