California ISO Market Enhancement Helps Advance Green Energy in the Golden …

May 16, 2013 by  
Filed under Green Energy News

FOLSOM, Calif., May 16, 2013 (BUSINESS WIRE) –
The California Independent System Operator Corporation Board of
Governors approved a market design change on May 15 that fosters
renewable development on the grid. Generators will now have the option
to schedule power in 15-minute intervals that allows variable resources
to better forecast and schedule their green energy. The proposal also
meets Order No. 764 issued last year by the Federal Energy Regulatory
Commission (FERC) to facilitate more efficient exchanges of power at the
interconnections between power grids.

“I am delighted the ISO Board approved our proposal to provide renewable
resources a solid foundation to grow on our grid,” said Steve Berberich,
ISO President and CEO. “It is gratifying to evolve the market so that it
embraces the unique way variable renewable resources operate to the
benefit of all.”

The new structure keeps the current 5-minute dispatch approach for
internal ISO resources and some imported energy, which greatly reduces
implementation complexity, time and costs by using existing system
functionalities. It is also compatible with the proposed ISO/PacifiCorp
energy imbalance market.

The proposal also spells out a timeframe for re-implementing convergence
bidding, which is a tool that participants can use to hedge their risks
and stabilize real-time prices.

The enhancements would enable the ISO to begin using the new approach in
spring of next year, once approved by federal regulators.

                     California ISO Media Hotline | 888.516.6397
www.caiso.com        --------------------------------------------------------------------
        The California ISO provides open and non-discriminatory access to
        one of the largest power grids in the world. The vast network of
        high-voltage transmission power lines is supported by a competitive
        energy market and comprehensive grid planning. Partnering with about
        a hundred clients, the nonprofit public benefit corporation is
        dedicated to the continual development and reliable operation of a
        modern grid that operates for the benefit of consumers. Recognizing
        the importance of the global climate challenge, the ISO is at the
        forefront of integrating renewable power and advanced technologies
        that will help meet a sustainable energy future efficiently and

SOURCE: California Independent System Operator Corporation

        California Independent System Operator Corporation 
        Stephanie McCorkle, 888-516-6397 
        Steven Greenlee, 888-516-6397

Copyright Business Wire 2013


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