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November 18, 2025

Markets+

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SPP Markets+ Cruising Through Early Development
SPP says the development of its Markets+ day-ahead market in the West is proceeding on time and under budget, with the hard part yet to come.
New Mexico Renewable Energy Transmission Authority
WRAP Day-Ahead Market Task Force Looks to Future After Commitments, Withdrawals
The Western Resource Adequacy Program Day-Ahead Market Task Force held its first meeting after the program’s binding decision deadline, with members exploring how the new participant footprint will impact transmission connectivity and other issues.
Shutterstock
Nonprofits Ask 9th Circ. to Vacate BPA’s ‘Shocking’ Day-ahead Market Decision
A group of nonprofits suing BPA said its decision to join SPP’s Markets+ instead of CAISO’s EDAM “violated clear mandates from Congress.”
Shutterstock
PacifiCorp Next to Leave WRAP After Raising Concerns
PacifiCorp joins other utilities leaving the Western Power Pool’s Western Resource Adequacy Program just before the deadline to commit to the program’s first binding phase.
Camerafiend, CC BY-SA-3.0 via Wikimedia Commons
4 Entities Join NV Energy in Exiting WRAP, While Idaho Power Commits

Calpine, Eugene Water & Electric Board, PGE and PNM joined NV Energy in leaving the Western Resource Adequacy Program, while Idaho Power signaled its continued commitment.

New Mexico PRC
PNM Accounting Request Revives EDAM vs. Markets+ Debate
State regulators approved an accounting order for Public Service Company of New Mexico’s participation in CAISO’s Extended Day-Ahead Market, in a case that rekindled the debate over which day-ahead market PNM should choose. 
Shutterstock
9-GW Power Gap Looms over Northwest, Co-op Warns
The Northwest faces a “pretty scary” situation, with a new study showing a potential 9-GW capacity shortfall by 2030, increased energy prices and building constraints, PNGC Power's CEO said.
JIRSA Hedrick
Split Colo. PUC Approves Xcel Energy’s Markets+ Application
The Colorado PUC issued a split decision approving Public Service Company of Colorado’s application to join SPP’s Markets+, finding that market participation is in the public interest and will “provide a number of benefits.”
Moonwater Capital
NV Energy to Withdraw from WRAP
NV Energy notified the Public Utilities Commission of Nevada that it plans to leave the Western Power Pool’s Western Resource Adequacy Program, citing five critical issues with the program’s design.
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WRAP ‘Binding’ Phase Set for Winter 2027/28 After Utilities Affirm Commitment
The Western Power Pool’s WRAP secured enough participants for the program to enter the first binding phase after 11 utilities reaffirmed their commitment.

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