SPP became the first Regional Transmission Organization (RTO) to design, build, and bring a Day 2 market on time when the Integrated Marketplace became financially binding at midnight March 1, 2014. The Integrated Marketplace and its Day-Ahead Market, Real-Time Balancing Market, and Congestion Hedging Markets is projected to yield $131 million in additional net savings to SPP's region during its first year of operation (on top of $170 million in net savings from the previous market).
As an RTO, SPP is mandated by the Federal Energy Regulatory Commission to ensure reliable supplies of power, adequate transmission infrastructure, and competitive wholesale prices of electricity. As a North American Electric Reliability Corporation Regional Entity, SPP oversees compliance enforcement and reliability standards development. SPP has members in nine states. Read more About SPP, What We Do or SPP Fast Facts.
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SPP launches Order 1000 Process
As one of the elements necessary to comply with FERC's Order 1000, SPP has developed a Transmission Owner Selection Process (TOSP) to allow competitive bidding on certain transmission projects. Transmission facilities that meet the criteria contained in Attachment Y, Section I.1 of the SPP Tariff and are approved for construction by the SPP Board of Directors after Jan. 1, 2015, are known as Competitive Upgrades. SPP will solicit proposals for Competitive Upgrades from Qualified RFP Participants (QRP) using the TOSP.
SPP's next QRP application process will begin April 1, 2015. All entities that desire to participate in the TOSP must apply by June 30 for participation in 2016.
The Industry Expert Panel page is available as part of the TOSP. This page contains a link to the Industry Expert Candidate Application and Application Instructions.
The Detailed Project Proposal (DPP) page is also available as part of the TOSP. This page contains a link to the DPP Submittal Form and instructions for its use.
For more information, send your questions via SPP's Request Management System or contact SPP Customer Relations.