SPP Markets+
Western regulators on the Markets+ State Committee probed an SPP Market Monitoring Unit official on how the department plans to address implementation of the new day-ahead market.
An SPP executive closely involved with developing Markets+ said recent Brattle Group studies on Western day-ahead markets appear to be aimed more at swaying utilities in favor of CAISO’s EDAM than providing an unbiased assessment.
Markets+ proponents argue that the SPP framework allows more flexibility for integrating greenhouse gas emission reduction programs across various states than CAISO’s EDAM.
When Arizona utilities file their next integrated resource plans, they’ll be required to include an analysis of cost savings and other benefits they could realize from Western regional market participation.
The study comparing key features of CAISO’s EDAM and SPP’s Markets+ contains “several material misstatements of facts” and overlooks evidence “directly contrary to its conclusions,” Powerex contends.
BPA would earn $65 million in annual benefits from joining CAISO’s EDAM but face $83 million in increased yearly costs from participating in SPP’s Markets+, according to a new Brattle study.
CAISO focused on CRRs when it served up the latest volley in the ongoing dispute over what played out on the Western grid during the January cold snap that forced Northwest utilities to import high volumes of energy to avoid blackouts.
Three independent SPP board members providing oversight of the RTO’s Markets+ development in the West have called for policy- and decision-makers to allow the process to “follow its natural course.”
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.
The Bonneville Power Administration plans to contribute its full share of funding for Phase 2 of SPP’s Markets+, an executive with the federal power agency has said.
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