The Los Angeles Department of Water and Power (LADWP) will join the California Energy Imbalance Market beginning in April 2019, making it the 11th utility to agree to join the voluntary market.
Participating utilities balance their loads in real time, and the market has saved more than $170 million since launching in November 2014.
LADWP's decision comes just two days after the first international market participant to sign up: Powerex Corp., the energy marketing subsidiary of Canada's third largest utility, BC Hydro, will join the California ISO-managed market in April 2018.
Yesterday, Global Geothermal News reported that LADWP has contracted through the Southern California Public Power Authority for a 26 Year 150 MW PPA from Ormat geothermal power plants.
Participating utilities balance their loads in real time, and the market has saved more than $170 million since launching in November 2014.
LADWP's decision comes just two days after the first international market participant to sign up: Powerex Corp., the energy marketing subsidiary of Canada's third largest utility, BC Hydro, will join the California ISO-managed market in April 2018.
Yesterday, Global Geothermal News reported that LADWP has contracted through the Southern California Public Power Authority for a 26 Year 150 MW PPA from Ormat geothermal power plants.
