Energy imbalance market benefits in the west: A case study of pacificorp and CAISO

Ren Orans; Arne Olson; Jack Moore; Jeremy Hargreaves; Ryan Jones; Gabe Kwok; Frederich Kahrl; C. K. Woo

doi:10.1016/j.tej.2013.05.001

Energy imbalance market benefits in the west: A case study of pacificorp and CAISO

Ren Orans^*
, Arne Olson
, Jack Moore
, Jeremy Hargreaves
, Ryan Jones
, Gabe Kwok
, Frederich Kahrl
, C. K. Woo

^*Corresponding author for this work

Research output: Contribution to journal › Journal article › peer-review

3 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	26-36
Number of pages	11
Journal	Electricity Journal
Volume	26
Issue number	5
DOIs	https://doi.org/10.1016/j.tej.2013.05.001
Publication status	Published - Jun 2013

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10.1016/j.tej.2013.05.001

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abstract = "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.",

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AU - Moore, Jack

AU - Hargreaves, Jeremy

AU - Jones, Ryan

AU - Kwok, Gabe

AU - Kahrl, Frederich

AU - Woo, C. K.

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N2 - 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.

AB - 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.

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U2 - 10.1016/j.tej.2013.05.001

DO - 10.1016/j.tej.2013.05.001

M3 - Journal article

AN - SCOPUS:84880136356

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ER -

Energy imbalance market benefits in the west: A case study of pacificorp and CAISO

Abstract

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