Energy Imbalance Market (EIM)
The CAISO proposal to provide transmission revenue to balancing authority areas that wheel power received a wary response from EIM stakeholders.
FERC staff have accepted CAISO’s implementation agreement for Powerex to join the EIM but cautioned that the arrangement could be subject to further scrutiny.
CAISO dropped a proposal that would have allowed third-party transmission providers to participate in the EIM after getting negative feedback on the plan.
CAISO hauled in the largest share of the $39.52 million in benefits produced by the EIM during the second quarter.
Negative day-ahead prices surged in CAISO during the first quarter stemming from surpluses of solar and hydroelectric output.
The CAISO Board of Governors greenlit new rules that allow the grid operator to constrain the operations of gas plants across the state and the EIM.
EIM leaders endorsed a CAISO proposal that would allow the ISO to constrain output from natural gas-fired plants across the market.
Energy transfer capacity in the EIM footprint is now sufficient to justify removing bid limits that are in effect for some members, the CAISO Monitor says.
EIM participants are generally supportive of CAISO's plan to account for greenhouse gas emissions of external resources but requested more info.
As CEO of the Independent Energy Producers Association, Jan Smutny-Jones has had a front-row seat in the California energy debate since 1987.
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