FERC Approves SPP’s Markets+ Tariff, Paving the Way for 2027 Launch

The Southwest Power Pool’s (SPP) proposed Markets+ service achieved a significant milestone on January 16 with the Federal Energy Regulatory Commission’s (FERC) approval of its tariff. Markets+, a regional day-ahead energy market developed in collaboration with over 30 western entities, is set to launch in 2027. This approval allows participants to proceed to phase two of development, which includes system development, testing, and parallel operations. The tariff filing, a result of extensive collaboration, reflects diverse stakeholder perspectives. Key entities like the Bonneville Power Administration and several Arizona utilities have committed to phase two, highlighting the market’s potential to enhance reliability and provide economic benefits across the Western Interconnection.

Click HERE to read more.