Markets+
CAISO will be inherently compromised in its role as an operator of a deeper Western market because of its conflicting responsibilities as BA within that market, a group of entities that support SPP’s Markets+ argue in their latest “issue alert.”
The Bonneville Power Administration says following through on its $25 million funding commitment to the development of SPP's Markets+ is simply a matter of preserving choice.
BPA’s insistence on favoring joining SPP’s Markets+ over CAISO’s Extended Day Ahead Market is “alarming” and could lead to $221 million in economic advantages going up in smoke, Seattle City Light argued.
BPA should be allowed to decide on a day-ahead market without outside federal interference, a group of Northwest publicly owned utilities that favor SPP’s Markets+ told DOE in a letter.
BPA's biggest risks in joining SPP’s Markets+ come down to footprint size and the limited transmission connectivity between the Northwest and Southwest entities most inclined to join the market, agency executives said.
A polite discussion at a BPA day-ahead market participation workshop ended on a testy note as critics of the staff leaning in favor of SPP’s Markets+ urged the agency to rethink its position and consider once again delaying a market decision.
SPP’s Board of Directors has approved the RTO’s 2025 operating and capital budgets and its net revenue requirement following a unanimous endorsement by the Members Committee.
New findings from a much-anticipated study have “not shifted” BPA's staff recommendation that the agency choose SPP’s Markets+ over CAISO’s — despite results showing greater economic benefits from EDAM.
Leaders of four large utilities reflected on the evolution of Western markets and looked toward the future at CAISO’s Stakeholder Symposium, emphasizing a shift toward more collaboration as large industry players choose which day-ahead market to join.
NV Energy’s decision to join CAISO's Extended Day-Ahead Market rather than SPP's Markets+ was based partly on concerns that participation in the latter would “lead to substantial expenditures with limited results,” a representative of the Nevada utility said.
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