SPP’s Marketing Monitoring Unit has scheduled a pair of webinars over the next two weeks to discuss reports it has recently released.
On Monday, the MMU will host a webinar at 2 p.m. to discuss a self-commitment report released in December, “Self-committing in SPP markets: Overview, impacts, and recommendations.”
According to the report, the volume of self-committed generation has declined over time but remains nearly half of the recent megawatt volume. Self-committed generators had lower revenues because of negative congestion prices, whereas market-committed generators typically had both positive and negative congestion prices, and resources with long lead times and/or high start-up costs tend to be self-committed instead of market-committed, the MMU found.
The MMU recommends that SPP and its stakeholders work to reduce the number of self-commitments, therefore improving price formation and market efficiency.
The Monitor has also scheduled a webinar on Feb. 10 to discuss its quarterly State of the Market report for September through November.
The report indicates higher temperatures pushed the average hourly load up as much as 10% during the fall months. It also says wind generation saw a 44% increase over 2018.
The report also includes a special issues section on a rate pancaking and an unreserved use study published in November for work being done by SPP and MISO regulators.
— Tom Kleckner
