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

New clean energy investment in developing nations slipped sharply last year: report
BEIJING - New clean energy investment slid by more than a fifth in developing countries last year due to a slowdown in China, while the amount of coal-fired power generation jumped to a new high, a recent annual survey showed.
Bloomberg New Energy Finance (BNEF) surveyed 104 emerging markets and found that developing nations were moving towards cleaner power sources, but not fast enough to limit carbon dioxide emissions or the effects of climate change.
New investment in wind, solar and other clean energy projects dropped to $133 billion last year from $169 billion a year earlier, mainly due to a slump…