Chart: DART Spread by CAISO Trading Hub

Chart: DART Spread by CAISO Trading Hub#

Hourly DAM-minus-RT spread at each CAISO trading hub (NP15, SP15, ZP26).

Chart#

Sources: CAISO OASIS (PRC_LMP, DAM)

Full Screen Chart

Description#

The DART spread is the financial difference between the day-ahead (DAM) and real-time (RT) markets for the same hour and location. Each series is one of the three CAISO trading hubs (NP15, SP15, ZP26). The day-ahead leg is the hourly DAM LMP; the real-time leg is the hourly mean of the four 15-minute RTPD LMPs in that hour. Positive values mean day-ahead priced above real-time delivery. The PacifiCorp WEIM/EDAM nodes (PACE, PACW) are excluded: they belong to external balancing authorities and are priced separately.

Formulas Used:

\[\text{DART}_t = P^{DAM}_t - \frac{1}{4}\sum_{i=1}^{4} P^{RT15}_{t,i}\]

Data Cleaning Information: N/A - hub LMPs are used as published; the hourly averaging of the real-time leg is part of the definition above.

Notes#

  • Times are UTC; each point is one hour.

  • Hubs can be toggled on and off via the legend.

Chart Specs#

Chart Name

DART Spread by CAISO Trading Hub

Chart ID

caiso_dart_spread

Topic Tags

Spreads, Dart, Lmp

Data Series Start Date

Data Frequency

Hourly

Observation Period

Lag in Data Release

Data Release Timing

Seasonal Adjustment

Units

$/MWh

HTML Chart

HTML

Dataframe Manifest#

Dataframe Name

CAISO LMP Day-Ahead Hourly

Dataframe ID

caiso_lmp_day_ahead_hourly

Data Sources

CAISO OASIS (PRC_LMP, DAM)

Data Providers

CAISO

Links to Providers

http://oasis.caiso.com

Topic Tags

Lmp, Day-Ahead, Spreads

Type of Data Access

How is data pulled?

src/pulls/pull_caiso_lmp_day_ahead_hourly.py via the open-source gridstatus library

Data available up to (min)

Data available up to (max)

Dataframe Path

data\opensource\caiso_lmp_day_ahead_hourly.parquet

Linked Charts:

Pipeline Manifest#

Pipeline Name

Project-Lab-Energy-Weather-Natgas-Quanto-CAISO

Pipeline ID

CAISO

Lead Pipeline Developer

Brian Nguyen

Contributors

Brian Nguyen, Claire Kim

Git Repo URL

Pipeline Web Page

Pipeline Web Page

Date of Last Code Update

2026-08-27 10:08:05

OS Compatibility

Windows, Linux, macOS

Linked Dataframes

CAISO:caiso_lmp_day_ahead_hourly
CAISO:caiso_lmp_real_time_15_min
CAISO:caiso_lmp_real_time_5_min
CAISO:caiso_fuel_prices
CAISO:caiso_fuel_regions
CAISO:caiso_load
CAISO:caiso_load_hourly
CAISO:caiso_fuel_mix
CAISO:caiso_renewables_hourly
CAISO:caiso_curtailed_non_operational_generator_report
CAISO:caiso_outages_aggregated_hourly
CAISO:openmeteo_temperature_daily
CAISO:eia860m_generators
CAISO:us_ba_boundaries

Build Commands:

doit