The report comes as states and utilities across the West are considering options for forming one or more organized power markets to help them reduce costs, meet their energy goals and improve grid reliability.
Utilities in Colorado and Nevada are required to join an organized wholesale market by 2030 while states like Arizona and Oregon are exploring the issue. The California Independent System Operator (CAISO) and the Southwest Power Pool (SPP) are developing potential day-ahead markets for Western utilities that would build on energy imbalance markets (EIM) that are used to balance real-time shifts in electric supply and demand.
