Energy Imbalance Market cost benefits surpass $100 million
Associated reductions in carbon emissions using renewables now total about 144,000 metric tonsThe California Independent System Operator (ISO) reported today that benefits of the western Energy Imbalance Market (EIM) for third quarter 2016 were $26.16 million. This brings the total benefits since the western regional market was launched in 2014 to $114.35 million. The favorable results were driven primarily by the impact of the change in seasons on energy supply and demand. A similar trend was noted in the results for Q2 to Q3 in 2015. During Q3 2016, the western EIM also
Also approved system upgrade for improved renewable energy managementWith a continued goal to operate a cleaner energy grid, the California Independent System Operator Corp. (ISO) Board of Governors today approved several proposals that support improved integration of storage and demand response resources in the wholesale electricity market.
The Board also approved replacing aging technologies to improve that ability for renewable energy resources to respond quickly to periods of steep increases in demand.
“The proposals continue our ongoing efforts in creating a flexible grid
NV Energy entry showed significant benefits during initial month of operationCalifornia Independent System Operator (ISO) reports increased benefits realized in the 2015 fourth quarter from the western Energy Imbalance Market (EIM). Total benefits were $12.29 million, which increases the total benefit since the November 2014 EIM launch to $45.7 million. These benefits accrue to all EIM participants and their customers, which now include NV Energy and PacifiCorp, as well as the ISO. The totals are in line with initial projections and as expected, increased participation benefits all EIM