The Federal Energy Regulatory Commission (FERC) is seeking additional information from the Southwest Power Pool (SPP) on the grid operator’s March 29 Markets+ tariff filing.
SPP has already begun work to respond to this request and leaders are confident the organization will adequately demonstrate readiness to launch Markets+, a regional, day-ahead market for customers across the Western Interconnection.
Markets+ is a stakeholder-driven initiative poised to revolutionize the coordination and delivery of reliable, sustainable energy throughout the West while returning savings and benefits to its participants.
“The innovative and complex market structure of Markets+ is proposed under a stand-alone tariff,” Antoine Lucas, SPP vice president of markets, said. “We’ve always anticipated that a deficiency letter from FERC was a possibility given the intricacies of the market structure. We have full confidence we can quickly and effectively address FERC’s request.”
The limited scope of FERC’s request indicates a broad understanding and acceptance of the Markets+ design as proposed. The request speaks to the need for more detail on some specific, nuanced market characteristics.
SPP officials said the additional work necessary to respond to the commission’s questions will not negatively impact the Markets+ timeline.
“The Markets+ development timeline has always had flexibility,” Lucas said. “We allowed ourselves time expecting an extended review at FERC, and we’re prepared to spend the time necessary to assure the Commission we’ve accounted for every possible contingency in the market’s operation.”
Phase two development of Markets+ begins in 2025 and includes the development of systems, testing and parallel operations. Markets+ is expected to go live in early 2027.
The post FERC seeks more information on SPP’s Markets+ filing appeared first on Daily Energy Insider .
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