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February 12, 2013

 

 

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ISO News and Information

Legal/ Regulatory

Market Rules and Market Design

 

 

Joint PacifiCorp/ISO Memorandum of Understanding Launches New Energy Imbalance Market Initiative

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Summary

Today the California ISO and PacifiCorp announced a memorandum of understanding between them to begin development of an energy imbalance market to go operational October 2014. The ISO will host a conference call on February 27, 2013 to describe the memorandum and plans to involve stakeholders in changes to the ISO tariff to incorporate the energy imbalance market.

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Main Text

Today the California ISO and PacifiCorp issued a press release announcing a memorandum of understanding between them to begin development of an energy imbalance market (EIM) to go operational October 2014. This move is the first step in bringing PacifiCorp and ultimately other Western balancing authorities into an automated real-time 5-minute dispatch system. Both the memorandum of understanding and the press release are available on the ISO website at http://www.caiso.com/informed/Pages/StakeholderProcesses/EnergyImbalanceMarket.aspx.

 

The ISO will present the memorandum of understanding to the ISO Board of Governors at the March 20-21, 2013 meeting to 1) gain the board's approval to negotiate and file at FERC an implementation agreement, and 2) work with stakeholders on the tariff modifications necessary to incorporate an energy imbalance market. The implementation details with PacifiCorp will ultimately be subject to the tariff modifications as accepted by FERC.

 

The ISO will host a conference call on February 27, 2013 to describe the memorandum of understanding and plans to involve stakeholders in changes to the ISO tariff to incorporate EIM.

 

The presentation and agenda for the conference call will be available on February 20 at the above link.

 

Call Details

Date: Wednesday, February 27, 2013

Time: 9:00 a.m. to 10:30 p.m. (Pacific Time)

 

Teleconference Information

Call-in Number: 800-230-1085

International Call-in: 612-288-0337

Access Code: Not Required

 

Web Conference Information

Web Address: www.webmeeting.att.com

Meeting Number: 5114682337

Access Code: 9341896

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For More Information Contact

eim@caiso.com

 

The California ISO strives to be a world-class electric transmission organization built around a globally recognized and inspired team providing cost-effective and reliable service, well-balanced energy market mechanisms, and high-quality information for the benefit of our customers.

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