Bonneville Power Administration (BPA)
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Financial backers of Phase 2 of SPP’s Markets+ have until Feb. 14 to submit executed funding agreements, the RTO said.
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BPA would have to strike several types of agreements, many of which are complex and could take years to implement, to tackle seams that could arise if BPA joins a day-ahead market, agency staff said during a workshop.
Bonneville Power Administration
Employees of the Bonneville Power Administration received the same buyout offer from the Trump administration as millions of other federal workers — despite the agency's self-funding model.
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BPA could face high implementation fees and operating costs under both SPP’s Markets+ and CAISO’s EDAM, but exact amounts are in flux.
The Brattle Group
California ratepayers would save millions more in a CAISO Extended Day-Ahead Market encompassing nearly all the West than in one that includes only those utilities likely to join the market, according to a new Brattle Group study.
TCF Architecture
Markets+ notched another in a string of successes when the Chelan County Public Utility District in Washington said it will pay its $1 million to $2 million share of funding for the market’s Phase 2 implementation stage.
SPP
SPP reached a key milepost in its Western efforts when FERC conditionally approved its tariff for Markets+, a highly anticipated decision likely to ramp up the competition with CAISO’s Extended Day-Ahead Market.
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BPA is not planning to acquire any major energy resources but is taking steps to ensure it’s ready in case those predictions should change, staff said during a presentation of the agency’s 2024 Resource Program.
CAISO
Prices in CAISO’s WEIM fell sharply in the third quarter of 2024 compared with a year earlier as declining gas costs outweighed the impact of increased summer loads, the DMM found.
Bonneville Power Administration
The Bonneville Power Administration tamped down expectations that it is all in on SPP’s Markets+, clarifying in a recent letter to lawmakers representing Oregon and Washington that it’s still weighing the pros and cons of joining a day-ahead market.
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