Innotap and CAISO Market Decision Support
As one of the largest ISOs in the world, the California Independent System Operator (CAISO) market oversees delivery of 300 million megawatt-hours of electricity each year and manages nearly 80 percent of California’s electric flow by its member utilities. For energy traders, having access to market decision support software solutions from Innotap can help make sense of the constantly evolving short and long-term changes in the CAISO zone. Having this actionable, real-time data at your fingertips that can be customized to your own trading approach and goals can help to reveal big opportunities while helping to minimize risks.
Ramping limitations due to decline of solar energy and its relationship to wind energy all play a part in the CAISO market as well as a host of other constantly shifting sources, supplies, and demands. Add in the recently implemented market changes that have had an impact on day ahead electricity prices as well as 15 minute market prices, and many energy traders find it hard to connect the dots.
Understanding how these and other FERC-driven changes as well as load balancing and crisis recovery changes will affect future market risks and opportunities will present huge opportunities for some energy traders. It all depends on the ability to have decision support that can help you quantify and plan for these changes in real-time rather than responding when it’s too late. The only way to stay one step ahead in the CAISO zone with the right data and real-time decision support is with Innotap software solutions.