Energy Imbalance Market
PacifiCorp and the California Independent System Operator announced their memorandum of understanding on February 12, 2013 that commits to jointly working toward creating a real-time energy imbalance market by October 2014.
Expected Market Benefit Report
On March 13, 2013, the California Independent System Operator posted the E3 Consulting report documenting the benefits of the two-party energy imbalance partnership. The report identifies a range of joint benefits, based on model year 2017, between $21 million and $129 million annually.
On July 3, 2013, the Federal Energy Regulatory Commission (FERC) approved the implementation agreement between the California ISO and PacifiCorp that establishes the scope and schedule for a variety of tasks the parties will undertake to launch an energy imbalance market.
Information for transmission customers and stakeholders
PacifiCorp has initiated a stakeholder process for its transmission customers and other stakeholders relating to the Energy Imbalance Market. Information on announcements for stakeholder sessions and other key dates for PacifiCorp’s stakeholder process can be found on PacifiCorp’s Open Access Same-Time Information System (OASIS).
For more information, visit the ISO website