Balancing Authority of Northern California (BANC)
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.
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.
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.
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.
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 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.
FERC will allow the Transmission Agency of Northern California to convert capacity on a line into “option” congestion revenue rights in the CAISO market.
CAISO’s EIM Governing Body and Regional Issues Forum heard from Modesto Irrigation District, Tacoma Power and Turlock Irrigation District.
The Bonneville Power Administration signed an implementation agreement with CAISO to begin participating in the Western Energy Imbalance Market in 2022.
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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