Markets
The Bonneville Power Administration’s planned departure from the Western Energy Imbalance Market has prompted questions about how the agency will handle the yearlong period before it joins SPP’s Markets+.
Future participants in SPP’s RTO expansion into the Western Interconnection have affirmed their support to meet the April 1 go-live deadline with a unanimous vote of support.
BPA released its draft proposed decision to join SPP’s Markets+, saying that preparations have advanced to a point where it can “move forward with implementation and propose joining Markets+ in October 2028.”
PJM’s Independent Market Monitor warned the cost of wholesale power in the RTO will continue to rise with the rapid addition of data center load without enough capacity to serve it.
As Nevada regulators consider NV Energy's request to join CAISO's Extended Day-Ahead Market, the debate over the independence of EDAM's governance is intensifying.
ISO-NE proposed to reduce its performance payment rate by more than 60% in response to concerns that excessive penalties will have unintended consequences for the capacity market.
PJM has updated its thinking on the design of its reliability backstop procurement to meet rising data center load, gravitating toward a model in which the RTO would determine the amount of capacity to be purchased and act as the administrator and counterparty to the resulting agreements.
A new report argues for an infrastructure fund to entice data center developers to commit to modernizing the grid as they invest in upgrades required by their new demand.
The winter of 2025/26 was the most expensive winter in the history of ISO-NE’s wholesale markets, driven by the lowest average temperatures in 20 years.
Politicians increasingly are interested in wholesale markets, which has meant price caps but also is pushing regulators and the industry to move faster on meeting rising demand affordably and reliably.
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