CAISO Extended Day-Ahead Market (EDAM)
State utility commissioners who launched the West-Wide Governance Pathways Initiative in July 2023 have praised the initiative’s “Step 2” proposal to create a “regional organization.”
The white paper by The Brattle Group offers a point-by-point comparison of CAISO’s Extended Day-Ahead Market and SPP’s Markets+ that leans in favor of EDAM but stops short of endorsing either market.
The next phase of the Price Formation Enhancements Initiative will look to address issues around market power mitigation, scarcity pricing and fast-start pricing.
The CAISO Board of Governors and Western Energy Markets Governing Body passed two proposals that address different issues within Western markets.
FERC granted CAISO a waiver allowing PGE to join the ISO’s Extended Day-Ahead Market a few months beyond the timeline set out in the market’s standard participation agreement.
PacifiCorp is poised to realize up to $359 million a year in net benefits from participating in CAISO’s EDAM, nearly double a previous estimate, according to a newly updated study by The Brattle Group.
Proponents of SPP’s Markets+ contend in their latest “issue alert” that the framework provides a much more equitable solution to tackling market seams than under CAISO’s EDAM.
The Bonneville Power Administration plans to contribute its full share of funding for Phase 2 of SPP’s Markets+, an executive with the federal power agency has said.
CAISO’s adoption of the Pathways Initiative’s “Step 1” changes won't overcome BPA’s objections to the governance of the ISO’s EDAM, Administrator John Hairston told U.S. senators from the Pacific Northwest.
A new study may dispel the notion that New Mexico utilities must follow the day-ahead market choice of their Arizona counterparts in order to realize benefits from market participation.
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