Powerex Corp.
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
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.
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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.
CAISO
CAISO released a draft final proposal detailing how EDAM will allocate congestion revenues in circumstances when a transmission constraint in one BAA produces “parallel” flows in a neighboring BAA also participating in the market.
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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.
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The dispute over how CAISO’s Extended Day-Ahead Market will allocate congestion revenues to market participants continues, even as the ISO moves to address stakeholder concerns.
CAISO
CAISO launched an “expedited” initiative to address stakeholder concerns about how EDAM will allocate congestion revenues when a transmission constraint in one balancing authority area causes congestion in a neighboring BAA.
U.S. Army Corps of Engineers
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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The RTO said it has received signed Phase 2 funding agreements from eight interested participants in its proposed day-ahead service offering — including the Bonneville Power Administration.
Tacoma Public Utilities
Tacoma Power has signed an agreement to join SPP’s Markets+, making the Washington utility the second Pacific Northwest entity to commit to participating in the market in the past month.
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