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April 28, 2024

CAISO Extended Day-Ahead Market (EDAM)

PacifiCorp
PacifiCorp Fully Commits to CAISO’s EDAM

PacifiCorp said it will sign an implementation agreement to join CAISO’s EDAM, making it the first entity to formally commit to either of the two day-ahead markets being offered in the West.

Western Power Pool
WRAP Participants Seek 1-Year Delay to ‘Binding’ Operations
Citing “significant new headwinds” to securing energy resources, participants in the Western Resource Adequacy Program are seeking to delay the program’s “binding” penalty phase by one year, to summer 2027.
West-Wide Governance Pathways Initiative
Past Opponents Now See Legislative Pathway to CAISO Regionalization
Reps from two groups that blocked past efforts to “regionalize” CAISO predict success for an upcoming campaign to change California law to allow the ISO to participate in an independent RTO.
West-Wide Governance Pathways Initiative
Pathways Initiative Rejected for $800K in DOE Funding
The West-Wide Governance Pathways Initiative applied for the money in January in response to a DOE Funding Opportunity Announcement, seeking two tranches of $400,000 each to be disbursed over two years to help support the effort build an independent Western RTO.
WECC
26 Western Entities Signal Continued Support for Markets+
More than two dozen Western electricity sector entities sent a letter to SPP expressing support for the continued development of the RTO’s Markets+, which is competing for participants with CAISO’s Extended Day-Ahead Market. 
CAISO
Nevada RTO Proceeding Examines EDAM, Markets+ Design

Two competing day-ahead markets from CAISO and SPP are taking different approaches to resource sufficiency and adequacy, according to presenters at a workshop included in a regulatory effort to help inform NV Energy’s decision on which market to join.

West-Wide Governance Pathways Initiative
Western RTO Group Floats Independence Plan for EDAM, WEIM
Backers of an initiative to create an independent Western RTO that builds on CAISO’s markets have floated a plan to untangle the snag that’s hung up past efforts to “regionalize” the ISO: a lack of independent governance.
Brattle Group
Nev. RTO Effort Turns Focus to NV Energy Day-ahead Studies
A key factor in the CAISO EDAM advantage is the benefits the utility would lose by leaving the Western Energy Imbalance Market, a Brattle Group consultant said.
© RTO Insider LLC
BPA Staff Recommends Markets+ over EDAM
The Bonneville Power Administration released a much anticipated staff report that tentatively recommends the agency choose SPP’s Markets+ over CAISO’s Extended Day-Ahead Market.
© RTO Insider LLC
CAISO’s EDAM Scores Key Wins in Contested Northwest
CAISO scored simultaneous victories in heavily contested territory after Portland General Electric and Idaho Power both signaled their intent to join the Extended Day-Ahead Market.

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