29 Mar '12, 6pm

How Electricity Gets Bought and Sold in California: Thirty thousand daily energy transactions between 140-plus...

How Electricity Gets Bought and Sold in California: Thirty thousand daily energy transactions between 140-plus...

Thirty thousand daily energy transactions between 140-plus electricity buyers and sellers: That’s the $8 billion, 4,500-active-node energy market the California Independent System Operator Corporation (ISO) manages. The same ISO keeps power flowing reliably from 671 power plants (1,400-plus power plant units) along 25,865 transmission line circuit miles to 30 million electricity consumers, and maintains emergency reserves for any eventuality while it matches a supply of almost 58,000 megawatts of installed electricity capacity with demand that has peaked at 50,270 megawatts. For those services from the ISO, a typical California electricity consumer pays less than a dollar. The ISO has sole responsibility for managing California’s wholesale energy market and keeping most of the state’s lights on, under the direct jurisdiction of the Federal Energy Regulatory Commission (FER...

Full article: http://www.greentechmedia.com/articles/read/How-Electrici...

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