Markets+
The Bonneville Power Administration elicited nearly 150 comments in response to the draft policy outlining its decision to join SPP’s Markets+ rather than CAISO’s Extended Day-Ahead Market.
FERC Chair Mark Christie and Commissioner Judy Chang downplayed the current political environment’s impact on the agency, saying the commission’s role is to follow the law and ensure the fairness of procedures.
The Bonneville Power Administration’s first day-ahead markets workshop since issuing the draft policy stating its intention to join SPP’s Markets+ left little opportunity for critics to probe agency officials about the decision.
A recent study that contributed to El Paso Electric’s decision to join SPP’s Markets+ rather than CAISO’s Extended Day-Ahead Market has raised questions among New Mexico regulators.
A New Mexico Public Regulation Commission workshop aimed to restore trust between the commission and El Paso Electric after the utility’s surprise announcement in January that it planned to join SPP’s Markets+.
SPP named Carrie Simpson, a key figure in its expansion efforts in the Western Interconnection, as its vice president of markets, effective April 1, replacing incoming COO Antoine Lucas.
The Bonneville Power Administration announced it intends to join SPP’s Markets+, saying in its draft policy that the day-ahead market “is the best long-term strategic direction for Bonneville, its customers and the Northwest.”
Proponents of SPP’s Markets+ argued in their last “issue alert” that the day-ahead market option provides a robust footprint with “exceptional generation and load diversity” across the region while also claiming recent warnings about its seam with CAISO’s EDAM are overblown.
Former BPA Administrators collaborated on a public letter distributed in the Pacific Northwest about the “tremendous risk being created” in the region by workforce reductions at the federal agency.
BPA will be on the hook for nearly $27 million in funding for the next phase of SPP’s Markets+ — and potentially more depending on the market’s final footprint, according to a document SPP filed with FERC.
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