California ISO to introduce new grid tools
"Over the next 18 months, the California ISO intends to implement a series of additions to the basic market design that reflect improvements stakeholders have asked for, or in some cases, elements that the Federal Energy Regulatory Commission (FERC) requires," says Steve Berberich, vice president of technology and corporate services for California ISO. "We recognize some functionality will launch beyond dates specified in FERC orders, and we pledge to implement those functions as quickly as possible while ensuring the implementation is done effectively and correctly."
The new market elements include new wind-forecasting applications, enhancements to the market bidding interface process, changing the way the ISO accounts for different generator operating characteristics and improving the process for generator owners to input power plant information into ISO databases. These changes are in final market simulation stages and will be fully deployed by this fall.
Related News
Electricity users in Newfoundland have started paying for Muskrat Falls
ST. JOHNS - With their July electricity bill, Newfoundland Power customers have begun paying for Muskrat Falls, though bills haven't significantly increased — yet.
In a July newsletter, Newfoundland Power said electricity bills were set to decrease by 6.4 per cent as part of the annual rate stabilization adjustment, which reflects the cost of electricity generation.
Instead, that decrease has been offset by a 6.1 increase in electricity rates so Newfoundland and Labrador Hydro can begin recovering the cost of Muskrat Falls, the $13-billion hydroelectric megaproject that is billions over budget and years behind schedule.
That means for residential customers, electricity rates will…
