Full Title: Competitive Electricity Markets Spotlight: California ISO
Author(s): Electric Power Supply Association (EPSA)
Publisher(s): Electric Power Supply Association (EPSA)
Publication Date: August 4, 2021
Full Text: Download Resource
Description (excerpt):
The California ISO—or CAISO—is the only independent grid operator in the western United States and manages the flow of electricity for the grid that serves 80 percent of California and part of Nevada. Its competitive wholesale electric marketplace has been described as a hybrid of the New York Stock Exchange and NASA’s mission control, employing advanced technologies to monitor the grid to ensure that power reaches more than 30 million consumers when they need it.
Recent energy reliability concerns, including rolling blackouts in California, demonstrate a need for CAISO planners to ensure enough electricity is available to meet demand. As the state seeks to meet decarbonization goals, CAISO markets must continue to support power generation resources that help ensure reliable and affordable electricity during all times of day and night.