December 10, 2023

Balancing Authority of Northern California (BANC)

Western RTO Group Seeking $800K in DOE Funding
The West-Wide Governance Pathways Initiative is seeking $800,000 in federal grants to support its administrative and outreach needs as it works to lay the foundation for an independent Western RTO.
© RTO Insider LLC
Forum Turnout, Tone Could Signal Growing Support for EDAM
The stars may not yet have aligned for CAISO in the contest to bring an organized electricity market to the West, but key industry players appeared to be doing just that at an ISO event to celebrate the progress of its Extended Day-Ahead Market.
WEIM Sees Record Q1 Benefits with Growth of Footprint
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.
WEIM Q3 Benefits Top $500M, Near $3B Total
CAISO's Western Energy Imbalance Market reached a record $526 million in benefits in Q3 and neared $3 billion in cumulative benefits since it started in 2014.
Cold Snap Yields Record Q1 Benefits for Western EIM
CAISO's EIM provided its members $101.01 million in economic benefits during the first three months of 2021, an increase of 75% over a year ago.
FERC: New Goldman Unit an Affiliate
FERC granted Goldman Sachs Renewable Power Marketing authority to make market-based sales but said it would consider it an affiliate of The Goldman Sachs Group investment bank despite its objections.
New Agreement Swaps COTP Access for CAISO CRRs
FERC will allow the Transmission Agency of Northern California to convert capacity on a line into “option” congestion revenue rights in the CAISO market.
EIM Entrants Cite Changing West as Motivation for Joining
CAISO’s EIM Governing Body and Regional Issues Forum heard from Modesto Irrigation District, Tacoma Power and Turlock Irrigation District.
Bonneville Power Signs Agreement with CAISO EIM
The Bonneville Power Administration signed an implementation agreement with CAISO to begin participating in the Western Energy Imbalance Market in 2022.
EIM Attracts More BANC Members, WAPA Region
Three BANC members and WAPA’s Sierra Nevada division jointly announced they intend to join CAISO's Western Energy Imbalance Market.

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