February 12, 2013
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ISO News and Information
Market Rules and Market Design
Joint PacifiCorp/ISO Memorandum of Understanding Launches New Energy Imbalance Market Initiative
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.
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.
Date: Wednesday, February 27, 2013
Time: 9:00 a.m. to 10:30 p.m. (Pacific Time)
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
For More Information Contact
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