Portland General Electric announces intent to join CAISO EDAM regional energy market to benefit customers, environment
PORTLAND, Ore., March 21, 2024 /PRNewswire/ -- Portland General Electric (NYSE:POR) announced plans to join the California Independent System Operator's (CAISO) Extended Day-Ahead Market (EDAM) to help provide Portland General Electric (PGE) and the customers it serves with access to more affordable, reliable and clean energy.
- Participation in California Independent System Operator (CAISO) Extended Day-Ahead Market (EDAM) to enhance affordability, reliability and access to clean power.
- PORTLAND, Ore., March 21, 2024 /PRNewswire/ -- Portland General Electric (NYSE:POR) announced plans to join the California Independent System Operator's (CAISO) Extended Day-Ahead Market (EDAM) to help provide Portland General Electric (PGE) and the customers it serves with access to more affordable, reliable and clean energy.
- Cost benefit analysis research commissioned by PGE concluded the EDAM is likely to provide the greatest economic benefit compared to alternative market options.
- The EDAM extends the success of CAISO's Western Energy Imbalance Market (WEIM), a real-time, wholesale energy market that PGE joined in 2017 and that produces cost savings for PGE customers.