In June 2019, the Southwest Power Pool (SPP) announced that it intends to launch the Western Energy Imbalance Service (WEIS) market in December 2020. SPP currently oversees the electric grid and wholesale power market for utilities and transmission companies in 14 central U.S. states, and the new market is expected to generate significant cost savings for participants.
In our previous blog post, introductory information about the Federal Energy Regulatory Commission (FERC) Order 841 was addressed. This article describes the key features of how each region has preliminarily proposed to implement Order 841.
On February 15, 2018, the Federal Energy Regulatory Commission (FERC) issued Order 841, which is designed to remove barriers to the participation of electric storage resources in the capacity, energy, and ancillary services markets operated by Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs).