SPP files Markets+ tariff in ‘significant step’ to expanding Western market options

Robert Walton | Source: Utility DIVE | Posted 04/03/2024

Markets+ is expected to go live in early 2027, pending approval of the tariff by federal regulators, according to the Southwest Power Pool.More than three dozen stakeholders were involved in developing Southwest Power Pool's new Markets+ tariff, which lays out the operation of a new western day-ahead electricity market.

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The Southwest Power Pool recently filed a hefty 600-page Markets+ tariff with the Federal Energy Regulatory Commission for the development of its western day-ahead electricity market. This milestone is a significant step toward the anticipated launch of Markets+ in early 2027, pending FERC approval. The regional transmission operator is collaborating with stakeholders to define detailed protocols for the market's administration while emphasizing the involvement of over three dozen stakeholders in the tariff development process.

Stakeholders are optimistic about the potential of SPP's new market tariff to enhance system reliability and reduce costs across the region. Designed to expand on SPP's Western Energy Imbalance Services market, Markets+ will involve a diverse group of stakeholders including utility companies, trade associations, and environmental organizations. The filed tariff specifies operational responsibilities, pricing structures, and governance arrangements, marking an essential phase in the development of a day-ahead market in the Western region.

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Source Link: https://www.utilitydive.com/news/spp-files-west-markets-tariff-day-ahead-FERC/711952/

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SPP files Markets+ tariff in ‘significant step’ to expanding Western market options

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