NV Energy is aiming to bring a proposal to Nevada regulators by the end of the year for joining a day-ahead market, but what process regulators will use to evaluate that request is still very much up in the air.
NV Energy would gain significantly more economic benefits from participating in CAISO’s EDAM than SPP’s Markets+, new analysis from the Brattle Group shows.
Independent SPP directors overseeing Markets+’s development in the Western Interconnection have lent their approval to the market’s draft tariff, the culmination of several months of drafting and refinement.
NV Energy and several stakeholder groups have weighed in on how Nevada regulators should evaluate a request from the utility to join a day-ahead market or RTO.
A dispute around the January cold snap that forced Northwest utilities to sharply increase electricity imports to meet surging demand has become a proxy for the broader day-ahead market contest between CAISO and SPP.
The Public Power Council has asked the Bonneville Power Administration to choose SPP’s Markets+ when the agency issues its day-ahead market “leaning” in April.
Western state regulators approved SPP Markets+ tariff language designed to address a “gap” in the accuracy of information to be shared with the market monitor under FERC’s duty of candor requirements.
CAISO notched another victory in the competition to bring organized markets to the West when the Los Angeles Department of Water and Power’s oversight board authorized the utility to prepare to join EDAM.
The Bonneville Power Administration plans to issue a draft decision on its day-ahead market participation in August, followed by a final decision in November.
