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.
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Orans, R., Olson, A., Moore, J., Hargreaves, J., Jones, R., Kwok, G., Kahrl, F., & Woo, C. (2013). Energy imbalance market benefits in the West: A case study of PacifiCorp and CAISO. Electricity Journal, 26 (5), 26-36. https://doi.org/10.1016/j.tej.2013.05.001