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SPP's Market Monitor is responsible for monitoring SPP's Markets and services. The group's primary purpose is to ensure SPP's markets are efficient and fair. Specific duties include:
- Obtaining objective information about SPP's markets and services
- Assessing the behavior of Market Participants (MPs)
- Assessing the behavior of other markets and services that impact SPP
The Market Monitor is also responsible for detecting structural problems and design flaws in the operating rules, standards, procedures and practices in SPP markets. It assesses the mechanism that governs the transmission markets independently or as a result of complaints or requests for an inquiry.
The SPP Board of Directors Oversight Committee has adopted a statement on the Market Monitoring Unit's (MMU) independence. The statement addresses the need for and the reporting structure to ensure the MMU is independent of the RTO.
Read the full statement.
Complaints or Requests for an Inquiry
An MP or interested government agency may submit a complaint or request for an inquiry. The Market Monitors shall keep the identity of the requestor confidential and shall keep the existence of any inquiry conducted confidential from all uninvolved parties and from involved parties, other than the requesting party, to the extent practicable.
The Market Monitors, or if appropriate the SPP Board of Directors, will determine if an inquiry is warranted and if any action is required as a result of an inquiry.
MMU Market Rule Change Process
This document establishes a detailed process by which the MMU complies with FERC requirements to propose changes to market rules. The intent of this process is to take full advantage of the existing SPP vetting process. In those cases where there are legitimate differences, this document will provide clarity and transparency for all interested parties while preserving MMU independence. MMU Market Rule Change Process
Questions regarding Market Monitoring? Contact SPPMarketMonitoring@spp.org.