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May 13, 2024

Western Resource Adequacy Program (WRAP)

WRAP
Public Service Co. of New Mexico Joins WRAP
Public Service Co. of New Mexico joined the Western Power Pool's Western Resource Adequacy Program, bringing the number of participants to 22.
Western Power Pool
WPP CEO Looks to ‘Earliest Possible’ Binding Season for WRAP
CEO Sarah Edmonds would like to see the WRAP become “binding” on its participants as soon as possible, but making that transition could still be years away.
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EBA Addresses ‘Zeitgeist’ of Western Regionalization
The Energy Bar Association Western Chapter heard panelists and CAISO's CEO discuss rapidly evolving efforts to organize markets and an RA program in the West.
NWPP
FERC Approves Western Resource Adequacy Program
FERC approved the tariff for the Western Power Pool's Western Resource Adequacy Program, allowing the binding phase of the program to commence in 2025.
California Assembly
Lawmaker Introduces Bill to Turn CAISO into RTO
A key California lawmaker introduced a bill to allow CAISO to become a Western RTO by expanding its governance to include representatives from other states.
California Assembly
Plans Revive to Make CAISO a Western RTO
A new legislative push for multi-state CAISO governance and the ISO's drive to add an extended day ahead market top this year's agenda.
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SPP Makes Moves Out of the Southwest
SPP continues to make a misnomer out of the "Southwest" portion of its name, expanding its beachhead in the Western Interconnection along several fronts.
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Western RA Program Secures First ‘Binding’ Phase Participants
Nearly a dozen utilities committed to joining the “binding” iteration of the Western Resource Adequacy Program, with more expected to sign on later this month.
SPP
Western Energy Leaders Explore Grid Integration
Energy leaders from California and other Western states met in a workshop to explore the benefits of developing regional markets, including one or more RTOs.
NWPP
FERC IDs Deficiencies in Western RA Program
FERC asked for more information on the Western Resource Adequacy Program, including how it would accommodate participants without market-based rate authority.

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