SPP is proving to be the innovation leader among US ISO/RTO organizations. SPP was instrumental in leading the development of the "Grid Services Standard" recently passed by NAESB for use in wholesale electricity markets. Momentum is strong for SPP's Markets+ initiative (click Read More button below).
SPP is the key to lighting the path for a successful energy transition because of its unique situation, with a high penetration of renewable generation, both wind and solar, which are capacity resources that commit their MW on an hourly basis, and a broad variation of supply resources using various sources to produce energy. Areas served by SPP have also been some of the hardest hit by extreme weather events, i.e. Storm Uri, and have successfully managed grid reliability and resilience through these disruptive events. Hourly based capacity commitments are becoming an imperative part of reforming capacity markets in New England and PJM areas. FERC is hosting two open meetings to discuss capacity market reforms, one for New England, on June 20 in Portland, Maine and the other for PJM on June 15, at FERC's HQ in Washington, DC.
I plan to attend the June 20 meeting in Portland, Maine to represent the AOCE capacity market reform proposal.