Powerex
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.
Fast-start pricing could fix certain “price anomalies” in CAISO markets more effectively than existing mechanisms for compensating ramping resources, the WEIM Governing Body’s market expert told the group.
A new report from electricity marketer Powerex adds to the expanding debate around what transpired on the Western grid during a January cold snap that saw the Northwest forced to import large volumes of power.
CAISO marked a key milestone in its Western expansion efforts after FERC approved nearly every aspect of its proposed Extended Day-Ahead Market.
FERC approved a raft of CAISO tariff changes intended to ease temporary restrictions on wheeling power through the ISO’s grid under emergency conditions.
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.
Panelists at the CREPC-WIRAB spring meeting argued over whether the West would benefit more from a day-ahead market run by CAISO or with another run by SPP.
Nearly a dozen utilities committed to joining the “binding” iteration of the Western Resource Adequacy Program, with more expected to sign on later this month.
CAISO stakeholders commented on elements of the revised straw proposal to add an extended day-ahead market to the Western Energy Imbalance Market.
Seven Western entities have now expressed support for participating in the next phase of SPP's market development in the Western Interconnection.
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