SPP Markets+
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.
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.
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.
FERC has accepted SPP’s proposed compliance revisions to its Markets+ tariff that clarify five minor issues.
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 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.
BPA's day-ahead market decision will have “major reliability and affordability impacts” on electricity customers in the Northwest and across the West, CAISO CEO Elliot Mainzer told the ISO’s Board of Governors
For the Balancing Authority of Northern California, a positive experience with CAISO’s Western Energy Imbalance Market was a key factor in the decision to also join the ISO’s Extended Day-Ahead Market.
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.
Want more? Advanced Search