Portland General Electric joins western Energy Imbalance Market (News Release)
Real-time market now serves 38 million consumers in eight western states
Portland General Electric Company on October 1 became the fifth western utility to successfully begin full participation in the
western Energy Imbalance Market (EIM). The Oregon utility and the
California Independent System Operator (ISO) recently completed several weeks of extensive systems testing – the culmination of two years of preparatory work and coordination – and have certified that PGE is ready for financially binding participation in the only multi-state real-time energy market in the West.
The ISO estimates significant cost benefits have been produced for members since the EIM launched in November 2014, by effectively using the low-cost energy available in the region to meet changes in real-time energy demand. That’s in addition to carbon-reductions achieved through efficient dispatch of renewable resources. Those savings are projected to increase as more utilities join the market.
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