September 17, 2015
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Board of Governors and Committees
ISO News and Information
Energy Imbalance Market Governance Proposal Approved by ISO Board of Governors 9/17/15
The California Independent System Operator (ISO) Board of Governors approved the proposal for long-term governance structure for the Energy Imbalance Market (EIM) at their September 17, 2015 meeting.
The ISO Board of Governors approved the proposal for long-term governance structure for the energy imbalance market at their September 17 meeting. The proposal is available on the ISO website at http://www.caiso.com/Documents/Decision_EIM_GovernanceProposal-AttachA-Proposal-Sep2015.pdf .
The approved governance over EIM related matters was developed by the EIM Transitional Committee, which includes members represented throughout the west and is chaired by Commissioner Rebecca Wagner of the Public Service Commission of Nevada. The list of Transitional Committee members and other related material is available on the ISO website at http://www.caiso.com/informed/Pages/BoardCommittees/EnergyImbalanceMarketTransitionalCommittee/Default.aspx .
The approved governance structure includes the following attributes, among others:
· establishment of a regionally-minded EIM governing body with delegated authority over market rules of the EIM;
· the governing body would be comprised of five members, financially independent of stakeholders;
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