New Mexico Public Regulation Commission (NM PRC)
The New Mexico Legislature passed a handful of energy-related bills, including one that would boost advanced grid technologies, which are seen as a way to make the grid more efficient and potentially reduce the need to build new transmission lines.
A recent study that contributed to El Paso Electric’s decision to join SPP’s Markets+ rather than CAISO’s Extended Day-Ahead Market has raised questions among New Mexico regulators.
A New Mexico Public Regulation Commission workshop aimed to restore trust between the commission and El Paso Electric after the utility’s surprise announcement in January that it planned to join SPP’s Markets+.
Arizona Corporation Commissioner Kevin Thompson said he thinks his state’s four major utilities may have erred in committing to joining SPP’s Markets+ instead of CAISO’s Extended Day-Ahead Market.
The Pathways Initiative drew praise from many quarters with the vote to approve its “Step 2” proposal, but it was quickly apparent the development will do little to sway Markets+ supporters.
The Public Regulation Commission voted 3-0 to adopt the guiding principles which emphasize customer benefits, transparency, stakeholder involvement and tracking of greenhouse gas emissions.
Utilities should put customer benefits first when deciding on which Western day-ahead electricity market to join, New Mexico Commissioner Gabriel Aguilera said.
Western regulators on the Markets+ State Committee probed an SPP Market Monitoring Unit official on how the department plans to address implementation of the new day-ahead market.
State utility commissioners who launched the West-Wide Governance Pathways Initiative in July 2023 have praised the initiative’s “Step 2” proposal to create a “regional organization.”
A proposed update to WECC’s long-term strategy has sparked a debate over whether the organization should describe itself as “The Voice of Reliability in the West.”
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