Markets+
Bonneville Power Administration
BPA will not see further staffing cuts, CEO John Hairston said during the agency’s quarterly business review, adding that he hopes to strengthen the workforce when the government lifts federal hiring freezes.
© RTO Insider
Though BPA removed any uncertainty by selecting SPP’s Markets+ over CAISO’s EDAM, the debate over whether BPA made the right choice likely will heat up as the West confronts a split into two major markets.
Shutterstock
Puget Sound Energy said it is joining Markets+, marking another win for SPP shortly after the Bonneville Power Administration issued its final market policy in favor of the day-ahead market.
Travel Portland
Bonneville's final record of decision will come as little surprise to those who’ve been following market developments in the West.
© RTO Insider
In the competition between two Western day-ahead markets — CAISO’s EDAM and SPP’s Markets+ — the two market operators have “sort of played off one another,” an industry observer said during a panel.
© RTO Insider
Markets+ stakeholders will have little opportunity to ease up in coming months despite a wave of favorable developments for the market.
© RTO Insider
FERC’s approval of SPP’s Markets+ funding agreement and its recovery mechanism came as backers of the Western centralized day-ahead market were meeting with the snow-capped Rockies as a backdrop.
SPP
FERC approved SPP’s $150 million funding agreement for Markets+ and the funding mechanisms under which the RTO will finance the implementation phase of the market’s development.
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SPP has appointed Jim Gonzalez as its new senior director of seams and Western services, in what will be a highly visible position in the RTO as it continues to develop Markets+ ahead of its expected launch in 2027.
Basin Electric Power Cooperative
FERC has accepted SPP’s proposed compliance revisions to its Markets+ tariff that clarify five minor issues.
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