The RTO said it has received signed Phase 2 funding agreements from eight interested participants in its proposed day-ahead service offering — including the Bonneville Power Administration.
Tacoma Power has signed an agreement to join SPP’s Markets+, making the Washington utility the second Pacific Northwest entity to commit to participating in the market in the past month.
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.
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.”
Markets+ proponents argue that the SPP framework allows more flexibility for integrating greenhouse gas emission reduction programs across various states than CAISO’s EDAM.
Proponents of SPP’s Markets+ contend in their latest “issue alert” that the framework provides a much more equitable solution to tackling market seams than under CAISO’s EDAM.
Enhanced protections against uncompetitive market behavior are among several tools to ensure fair and accurate pricing under a Markets+ framework, according to the latest "issue alert" from entities that back its development.
The Bonneville Power Administration will delay its Western day-ahead market choice beyond a scheduled Aug. 29 announcement date and likely will extend the decision-making process into 2025, according to multiple sources.
The integration of Markets+ with the Western Resource Adequacy Program would be among a handful of key reliability benefits of SPP’s Western day-ahead offering, according to an “issue alert” published by 10 entities that backed development of the market.
