WESTERN ENERGY MARKET ADVANCES

Western Energy Imbalance Market Design Gets Approval From CAISO Board

November 8, 2013 (Renew Grid)

"The design framework for a California Independent System Operator Corp. (CAISO) energy imbalance market (EIM) has received approval from the CAISO board of governors…[T]he EIM will allow western grid operators to voluntarily participate in a real-time energy market that enhances grid reliability and responsiveness, integrates renewable power, and saves wholesale energy costs…[The CAISO and its] first EIM partner, PacifiCorp…[are preparing] for implementation of the market…on Oct. 1, 2014…Significant increases in the amount of wind and solar power in recent years require grid operators to hold additional flexible generation in reserve…Without an EIM, operators generally must rely on generation assets within their balancing authority for any last-minute balancing…” click here for more

click to enlarge

Tweet