CAISO scored a potentially important victory when the Balancing Authority of Northern California said it will pursue membership in the ISO’s Extended Day-Ahead Market — and not SPP’s Markets+.
Potential SPP Markets+ participants democratically endorsed the first pieces of the day-ahead market’s tariff, acquiring a taste of the grid operator’s stakeholder process at the same time.
While some stakeholders are ‘charmed’ by SPP’s market initiative effort, others urge need for deeper tie to CAISO.
The Bonneville Power Administration said it would keep its power and transmission rates flat for the next two years, even as it pursues a $2 billion grid modernization effort.
CAISO’s Western Energy Imbalance Market took the unusual step of rescinding a rule change that it never actually implemented.
The competition for organized markets in the West grew Friday as the Bonneville Power Administration launched a process to choose between day-ahead markets proposed by CAISO and SPP and regulators from five Western states urged the establishment of a new, independent RTO covering the entire West.
Industry stakeholders expressed concern about the ERO's rising budgets and assessments in comments last week.
CAISO’s Western Energy Imbalance Market yielded members $418.82 million in economic benefits during the first three months of 2023, a first-quarter record.
PJM's CEO said challenges lie ahead for stakeholders as they wrestle with a possible overhaul to the capacity market to address resource adequacy concerns.
WECC held a two-day webinar on the outlook for this summer, including Western wildfires and hydropower conditions in the Colorado and Columbia River basins.