Department of Economics
Energy imbalance market benefits in the West: A case study of PacifiCorp and CAISO
An energy imbalance market between PacifiCorp and the California Independent System Operator (CAISO) would bring benefits of $21 million to $129 million for the year 2017, an analysis suggests. Preliminary cost estimates of setting up the EIM range from $3 million to $6 million, with an estimated annual cost of $2 million to $5 million. This suggests that a two-party EIM provides a low-cost, low-risk means of achieving operational savings and enabling greater penetration of variable energy resources. © 2013 Elsevier Inc.
Source Publication Title
Orans, Ren, Arne Olson, Jack Moore, Jeremy Hargreaves, Ryan Jones, Gabe Kwok, Frederich Kahrl, and C. K. Woo. "Energy imbalance market benefits in the West: A case study of PacifiCorp and CAISO." Electricity Journal 26.5 (2013): 26-36.