The integration of Markets+ with the Western Resource Adequacy Program would be among a handful of key reliability benefits of SPP’s Western day-ahead offering, according to an “issue alert” published by 10 entities that backed development of the market.

Governance should be a “key consideration” for the West in the competition between day-ahead electricity markets because the outcome potentially affects $25 billion a year in energy transactions, according to a new “issue alert.”

Electricity sector stakeholders expressed divisions over BPA's plan to pursue an aggressive timeline for deciding whether to join CAISO’s EDAM or SPP’s Markets+.

SPP Markets+ stakeholders kicked off the development phase of a proposed “RTO-light” service in the West, heating up the race with CAISO.

SPP has rolled out the governance structure that will oversee the first developmental phase of Markets+, its day-ahead and real-time market in the West.

SPP has executed funding agreements with eight Western Interconnection entities for the first phase of its Markets+ market, accelerating its development.

Nearly a dozen utilities committed to joining the “binding” iteration of the Western Resource Adequacy Program, with more expected to sign on later this month.

The proposed governance structure for SPP's Markets+ service offering and resource adequacy are two key differences with CAISO's RTO proposal.

FERC Chair Richard Glick made his first in-person visit to SPP’s headquarters last week, joining stakeholders for their regular quarterly governance meeting.