Many stakeholders are now supporting CAISO’s proposed new method for allocating congestion revenues in EDAM after months of workshops and multiple proposals.
The West-Wide Governance Pathways Initiative’s Launch Committee estimates it will cost about $7.1 million to launch the independent regional organization that eventually will oversee energy markets in the West.
FERC rejected a request by four Western utilities to rehear its approval of the “transmission contributors” option in the SPP Markets+ tariff but provided the utilities clarification on the boundaries of that provision.
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.
The latest version of California’s “Pathways” bill strips out a previous amendment that would have given state regulators authority to order utilities to withdraw from the RO under certain circumstances.
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.
