Southwest Power Pool’s new integrated marketplace saves $131 million in first year: report
Southwest Power Pool’s new integrated marketplace generated $131 million in net savings for the footprint in its first 12 months of operation, a new analysis showed.
Started March 1, 2014, SPP’s Integrated Marketplace features a day-ahead market with transmission congestion rights, a reliability unit commitment process, a real-time balancing market and an operating reserve market, all operated from a central balancing authority.
During Monday’s Regional State Committee meeting, Bruce Rew, SPP vice president for operations, noted that when SPP’s leadership first established the Integrated Marketplace, a Charles River Associates study showed projected annual net savings of about $100 million.
