CAISO helps advance green energy in California
“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.
Related News
Emissions rise 2% in Australia amid increased pollution from electricity and transport
MELBOURNE - Australia’s greenhouse gas emissions rose in the June quarter by about 2% as pollution from the electricity sector and transport increased.
Figures released on Tuesday by the Morrison government showed that on a year to year basis, emissions for the 12 months to last June totalled 498.9m tonnes of carbon dioxide equivalent. That tally was down 2.1%, or 10.8m tonnes compared with the same period a year earlier.
However, on a seasonally adjusted quarterly basis, emissions increased to 127m tonnes, or just over 2%, from the 124.4m tonnes reported in the March quarter. For the year to March, emissions totalled…
