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The EDAM is live. What’s the EDAM again?

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Expert
Chimera Difficulty Score
a synthesis of Flesch-Kincaid, Coleman-Liau, SMOG, and Dale-Chall readability metrics
So far, so good. That’s the consensus takeaway through the first few days of operation of the Extended Day-Ahead Market, or EDAM, the new voluntary market launched by the California Independent System Operator (CAISO) and day-one cornerstone participant PacifiCorp on May 1. The EDAM aims to reduce electricity costs for millions of customers by helping balancing authorities across the Western Unite...
The EDAM represents an extension of the Western Energy Imbalance Market (WEIM), which has been operational since 2014 and has generated significant cost savings for participating utilities. The EDAM aims to further reduce electricity costs by extending day-ahead planning, improving efficiency, and enhancing grid reliability through regional coordination. The extension of the WEIM could be seen as a response to increasing interconnectivity and diversity in the Western US energy market. However, i...