SPP Markets+
The integration of Markets+ with the Western Resource Adequacy Program would be among a handful of key reliability benefits of SPP’s Western day-ahead offering, according to an “issue alert” published by 10 entities that backed development of the market.
SPP directors and regulators have approved the grid operator’s first winter planning reserve margin, endorsing a base PRM that is 3 percentage points higher than many of its utilities wanted.
Governance should be a “key consideration” for the West in the competition between day-ahead electricity markets because the outcome potentially affects $25 billion a year in energy transactions, according to a new “issue alert.”
One thing has become abundantly clear after three intensive workshops this summer: there’s no blueprint for developing the stakeholder process for the “regional organization” envisioned by the West-Wide Governance Pathways Initiative.
SPP’s Markets+ hit a snag after FERC issued a deficiency letter outlining 16 problems the RTO must address in the tariff it filed for the proposed Western day-ahead market in March.
The senators representing Oregon and Washington urged the agency to delay its decision to join a Western day-ahead electricity market until developments play out further around SPP’s Markets+ and CAISO’s EDAM.
The Bonneville Power Administration is ramping up its engagement with the West-Wide Governance Pathways Initiative, an executive with the federal power agency said.
SPP attempted to allay concerns about its ability to dispatch power among various Western regions during a webinar intended to illustrate its experience with seams management.
The West faces a “pivotal” opportunity to develop a fresh approach to managing its electricity markets, one that could update RTO governance to better accommodate the public policy.
A new study commissioned by Renewable Northwest says Powerex is poised to benefit if the West ends up divided between CAISO’s EDAM and SPP’s Markets+.
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