Despite the recent release of results from a study on the two competing day-ahead markets in the West, two New Mexico utilities said they need to conduct more analysis before they make a choice.
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.
FERC released the latest iteration of its Common Metrics Report on ISO/RTO markets, which evaluates their performance and benefits.
Backers of the recently formed Western Transmission Expansion Coalition want to fill a void in the Western Interconnection by producing an “actionable” interregional transmission study.
Stakeholders have discussed the likelihood that there may be two day-ahead markets in the West, CAISO’s Extended Day-ahead Market and SPP’s Markets+ and/or RTO West.
The New York Public Service Commission requested a rehearing of FERC’s December order granting a 50-basis-point RTO participation adder for the Propel NY Energy transmission project.
CAISO staff and stakeholders are looking to re-evaluate the RA Availability Incentive Mechanism and explore whether it should be replaced with a new program using an unforced capacity construct to ensure sufficient RA capacity.
The change of heart comes as participants in the West-Wide Governance Pathways Initiative work to build the framework for an independent RTO.
Backers of an effort to create the framework for an independent Western RTO know how much money they’ll need to get things off the ground, and they’re seeking funders.
The New Mexico Public Regulation Commission will dive into a report on the financial implications of a Western day-ahead electricity market.