CAISO's Board of Governors and the Western Energy Markets Governing Body approved a new method for allocating certain congestion revenues in the ISO's Extended Day-Ahead Market, set to launch in 2026
Former Seattle City Light CEO Debra Smith has been nominated to join the Western Energy Markets (WEM) Governing Body, with a three-year term to begin July 1.
Many stakeholders are now supporting CAISO’s proposed new method for allocating congestion revenues in EDAM after months of workshops and multiple proposals.
The study, conducted by Aurora Energy Research, found EDAM could provide the Denver-based utility $11.2 million more in average annual savings from 2028 to 2040 compared with Markets+, rising to $13.2 million through 2060.
A California bill to implement the West Wide Governance Pathways Initiative’s Step 2 proposal is headed to the floor of the state Senate after being approved by the body’s Appropriations Committee.
CAISO delayed its final decision on how to allocate congestion revenues in its Extended Day-Ahead Market after receiving comments from stakeholders asking for more analysis.
Though BPA removed any uncertainty by selecting SPP’s Markets+ over CAISO’s EDAM, the debate over whether BPA made the right choice likely will heat up as the West confronts a split into two major markets.
