Energy Market
LADWP
CAISO notched another victory in the competition to bring organized markets to the West when the Los Angeles Department of Water and Power’s oversight board authorized the utility to prepare to join EDAM.
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PJM spent $53.5 million on conservative, out-of-market dispatch procedures to maintain reliability during the January 2024 Winter Storm Gerri.
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The PJM Market Implementation Committee endorsed manual revisions codifying the real-time temporary exceptions process for generators to report any issues that may prevent them from operating to their unit-specific parameters.
MidAmerican Energy Co., Berkshire Hathaway Energy
MISO’s Market Subcommittee likely will discuss either a multiday gas purchase requirement or a multiday gas unit commitment process for use during extreme cold.
CAISO
CAISO’s WEIM last year hit $5.05 billion in benefits for its members since its inception in 2014, continuing the positive trend of growth tied to an expanding Western footprint.
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A joint package brought forward by PJM, Dominion Energy and Gabel Associates would add intraday real-time commitment runs to the day-ahead market ahead of the three gas nomination cycle deadlines
U.S. Fish and Wildlife Service
The Bonneville Power Administration plans to issue a draft decision on its day-ahead market participation in August, followed by a final decision in November.
NYISO
NYISO CEO Rich Dewey highlighted efficiency improvements and the challenges of the continued electrification at the Jan. 31 MC meeting.
CAISO
Despite the recent release of results from a study on the two competing day-ahead markets in the West, two New Mexico utilities said they need to conduct more analysis before they make a choice.
Western Power Trading Forum/Public Generating Pool
The study finds dividing CAISO’s EDAM from SPP’s Markets+ would create seams that pose a different set of problems than challenges seen at the boundaries of full RTOs in other parts of the U.S.
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