Utility Dive•about 1 month ago
CAISO expects ‘solid launch’ for EDAM, first Western day-ahead market
Key Takeaway
The successful launch of CAISO's EDAM signifies a major evolution in Western US energy markets, introducing new day-ahead pricing and dispatch mechanisms that will impact resource planning and procurement for developers and large loads.
AI Summary
- •CAISO's Extended Day-Ahead Market (EDAM) is on track for a solid launch, with inaugural participant PacifiCorp confirming successful 90-day parallel operations.
- •EDAM represents the first Western day-ahead market, expanding CAISO's influence and creating new market mechanisms for resource dispatch and pricing across the Western Interconnection.
- •For developers and large power consumers, EDAM introduces new day-ahead pricing signals and market opportunities/risks, potentially optimizing resource utilization and procurement strategies.
Topics
caisointerconnectpolicy
Article Content
Mike Wilding of PacifiCorp, EDAM’s inaugural participant, told Utility Dive that 90 days of parallel operations in preparation for launch have given him confidence that “the market is working as intended and as designed.”