July 15, 2024

Western Resource Adequacy Program (WRAP)

Western Power Pool
FERC Allows Berkshire Utilities to Earn Market-based Rates in WRAP
FERC approved tariff revisions by Berkshire Hathaway Energy subsidiaries PacifiCorp, Nevada Power and Sierra Pacific Power that will enable the utilities to earn market-based rates when participating in the WRAP.
Western Powerpool
WRAP ‘Binding’ Phase Delay Finds Stakeholder Support

Members of a key WRAP stakeholder group have expressed support for the recent move by participants to delay the program’s “binding” penalty phase by one year, to summer 2027.

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Participants ‘Unwaveringly Committed’ to WRAP, WPP CEO Says
Western Resource Adequacy Program participants still strongly support the program despite recently appealing to delay its “binding” penalty phase by one year due to concerns about capacity shortages, WPP's Sarah Edmonds said.
Western Power Pool
WRAP Participants Seek 1-Year Delay to ‘Binding’ Operations
Citing “significant new headwinds” to securing energy resources, participants in the Western Resource Adequacy Program are seeking to delay the program’s “binding” penalty phase by one year, to summer 2027.
Powerex Report Expands NW Cold Snap Debate

A new report from electricity marketer Powerex adds to the expanding debate around what transpired on the Western grid during a January cold snap that saw the Northwest forced to import large volumes of power.

Ken Lund CC-BY-SA-2.0 via Wikipedia Commons
NV Energy OK’d for Coal Plant Conversion, Solar+Storage Project
Nevada regulators approved NV Energy’s plan to convert its last coal-fired power plant to natural gas, while also allowing the company to move forward with a $1.5 billion, 400-MW solar-plus-storage project.
WPP: Cold Snap Showed ‘Tipping Point’ for Northwest Reliability
Imports from the Southwest and Rockies helped the Northwest survive January’s cold, showing the region’s reliability is at a “tipping point,” WPP said.
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Oregon RA Rules Could Favor WRAP Participation

Oregon regulators are moving closer to adopting resource adequacy rules that would incentivize load-serving entities to join the Western Power Pool’s WRAP.

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Conditions Finally Reverted to (Somewhat) Normal for SPP in 2023
SPP chalked up numerous successes during 2023 without the effects of a global pandemic or severe winter storms.
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Stakeholders Approve Bulk of SPP’s Markets+ Tariff
SPP's western stakeholders have endorsed large chunks of tariff language that define how the day-ahead Markets+ will handle market transmission use, congestion management, transmission capacity obligations, market manipulation, and confidentiality.

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