Western Resource Adequacy Program (WRAP)
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The Western Power Pool faced “real potential weaknesses” in 2024 due to staff shortages and outdated financial and accounting systems, the organization’s leadership said during their annual member meeting.
Western Power Pool
Members of a key WRAP stakeholder group voted to prioritize three topics of concern as the group continues developing the program aimed at addressing resource adequacy and reliability in the West.
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CAISO’s launch of the Extended Day-Ahead Market will not spell the end of a Western real-time-only offering from the ISO, according to CEO Elliot Mainzer.
Western Power Pool
The Western Power Pool’s Board of Directors has approved changes to the Western Resource Adequacy Program’s transition plan that include postponing the program’s “binding” phase by one year and reducing penalties for participants who come up short on RA.
Western Power Pool
The Western Resource Adequacy Program’s key stakeholder body approved a plan that would postpone the start of its penalty phase by one year, to summer 2027.
SPP
SPP’s Markets+ hit a snag after FERC issued a deficiency letter outlining 16 problems the RTO must address in the tariff it filed for the proposed Western day-ahead market in March.
Western Power Pool
FERC approved tariff revisions by Berkshire Hathaway Energy subsidiaries PacifiCorp, Nevada Power and Sierra Pacific Power that will enable the utilities to earn market-based rates when participating in the WRAP.
Western Powerpool
Members of a key WRAP stakeholder group have expressed support for the recent move by participants to delay the program’s “binding” penalty phase by one year, to summer 2027.
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Western Resource Adequacy Program participants still strongly support the program despite recently appealing to delay its “binding” penalty phase by one year due to concerns about capacity shortages, WPP's Sarah Edmonds said.
Western Power Pool
Citing “significant new headwinds” to securing energy resources, participants in the Western Resource Adequacy Program are seeking to delay the program’s “binding” penalty phase by one year, to summer 2027.
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