A measure to expand CAISO into an RTO for Western states failed to clear the legislature for the third time in three years.
Public Service Company of New Mexico (PNM) has applied to join the Energy Imbalance Market by 2021, the EIM Governing Body learned.
After a surge in Q1, CAISO prices fell in the second quarter based on lower prices for natural gas and increased output from wind, hydroelectric and solar.
The Western Energy Imbalance Market saw financial benefits soar to a record $71.2 million in the second quarter, according to a CAISO report.
CAISO EIM officials approved a proposal to prevent market participants outside Ca. from skirting the state’s greenhouse gas (GHG) compliance obligations.
FERC approved changes to CAISO’s congestion revenue rights auction, rejecting protesters' complaints that they eliminate legitimate hedging opportunities.
CAISO’s Board of Governors approved revisions to the ISO’s congestion revenue rights auction, and the EIM Governing Body approved Travis Kavulla as a member.
Powerex is navigating a turbulent relationship with EIM rules the company says undercut the value of its hydro power resources.
CAISO’s first-quarter (Q1) revenues were $1.2 million more than it had budgeted, primarily because of entrance fees it collected for the EIM.
CAISO is proposing to quadruple the number of hours in its time horizon for short-term commitment of generation units to better address load peaks that occur later in the day when solar output drops off the grid.