March 2026 ISSUE

Markets+ Friends -

SPP presents this monthly newsletter compiling timely, useful information related to Markets+ development. Have questions or comments? Email marketsplus@spp.org. We’d love to hear from you.

Phase two update

Five entities will participate as balancing authorities for the October 2027 Markets+ launch: Arizona Public Service, Salt River Project, Tucson Electric Power, Powerex and Xcel Colorado (PSCo). All five declared their intent by the Sept. 1, 2025, deadline.


Bonneville Power Administration announced a draft decision to participate in Markets+ beginning October 2028, adding one of the West's most significant utilities to a growing list of participants.


Market participants who haven't yet submitted registration surveys now have until April 1, 2026, an extension from the original Dec. 1 deadline. All deadlines are posted on the Markets+ page.

SPP and Western utilities confirm RTO expansion April 1

SPP and its western utility partners have officially affirmed, by unanimous vote, that RTO expansion will proceed as scheduled April 1.


That unanimous vote means confidence from every participating organization that preparations are on track and the work is ready to cross the finish line.


When the expansion occurs April 1, the joining entities and their customers will become part of the broader, integrated regional system operated by SPP. For Markets+ stakeholders, this is directly relevant: RTO expansion establishes SPP as the first RTO to operate in both interconnections.


SPP President and CEO Lanny Nickell called April 1 "a milestone day for SPP," noting it will mark the first time a regional transmission organization has bridged the eastern and western electric grids.


The benefits coming to RTO expansion members are the same ones that have driven decades of value for SPP's existing members: access to a larger pool of energy resources, enhanced 24/7 grid monitoring, coordinated use of the lowest-cost available power and an independent and transparent governance model.


For Markets+ participants specifically, the arrival of the SPP RTO in the region opens new opportunities for market-to-market coordination and intermarket optimization across the Western Interconnection.


Read the full press release at spp.org.

SPP brings the West together to talk seams

The electricity grid doesn't stop at state lines, and neither does SPP.


Last month, SPP hosted its inaugural Western Seams Symposium in Tempe, Ariz., bringing together industry leaders from across the West to find common ground on one of the most practical challenges in energy: what happens at the edges where electricity systems meet.


In the energy world, those edges are called seams. They are the boundaries between markets, transmission systems and balancing authorities. When managed well, seams are invisible. When they aren't, the result can be inefficiencies, higher costs and reliability risks.


SPP Chief Operating Officer Antoine Lucas opened the event with a clear message: competition and coordination are not opposites. "Competition and redundancy will actually strengthen the western grid," he said. "Transparency builds trust. Fairness and reciprocity are what sustains cooperation."


Carrie Simpson, SPP vice president of markets, echoed that theme in her closing remarks, reminding attendees that everyone is working toward the same goal. "The key to seams is good coordination and communication between neighbors," she said. "Much of that good coordination and communication exists today and has for years. The next step is implementing it, together."


The symposium covered topics including reliability coordination, grid security and how to turn seams into opportunities rather than obstacles. Simpson also outlined five guiding principles for SPP's western work: prioritizing reliability, improving market efficiency, increasing transparency, seeking fairness and reciprocity, and balancing independence with inclusivity.


SPP's RTO West expansion is scheduled to begin April 1, with Markets+ targeting a launch October 1, 2027.


Read the full recap and watch Simpson's closing remarks at the SPP blog: blog.spp.org

New resources help answer questions about seams

Seams. It's one of the most talked-about topics in western energy markets right now, and also one of the most misunderstood. SPP has put together a suite of new resources on marketsplus.org to help cut through the confusion.


Whether you're new to the concept or deep in the details, there's something here for you.


Start with the basics: The "Understanding Seams" fact sheet is a great entry point. It explains the two main types of seams: reliability seams, which are the operational boundaries between the entities that keep the grid stable, and market seams, which are economic boundaries where prices differ between regions. The key takeaway is that Markets+ only introduces the latter. The reliability picture in the West doesn't change.


Go deeper on the reliability question: "Seams in the Western Interconnection: Distinguishing Reliability from Market Seams" addresses one of the most common concerns head-on. More than 30 seams already exist in the West between balancing authorities, reliability coordinators and transmission operators. Markets+ doesn't add to that complexity. What it does add is economic opportunity: transparent price signals, more efficient dispatch and better access to resources across the region.


See seams as a feature, not a flaw: "The Stitching, Not the Seam" looks at the seams conversation from a new angle. Seams aren't a problem to be solved. They're a coordination opportunity. SPP has spent decades managing multiple seams, and the Markets+ Seams Working Group is already building on that track record, developing practical coordination protocols and market rules tailored to the West's specific needs.


Get your questions answered: The updated Seams FAQ tackles common questions. No, a single market would not eliminate seams. Yes, multiple markets can and do strengthen reliability when managed well. And yes, SPP's decades of experience in the East translate directly to what it is building in the West.


All four resources are available for free download at marketsplus.org/resources.

New Markets+ Settlements User Forum

The Markets+ Settlements User Forum (MSUF) shares information and solicits input on SPP's financial settlement of operations activities. The forum relies on stakeholders' collective knowledge to develop recommendations for improving settlement services and ensuring timely, accurate financial settlement of all Markets+ operations activities.


The forum is open to all stakeholders with an interest or expertise in settlements. The following 2026 meetings have been added to the SPP calendar and are available for registration:

Follow Markets+ on social media

SPP has launched dedicated Markets+ social media accounts to bring you news and updates focused on the Western Interconnection. Follow us for the latest on market development, stakeholder engagement, implementation milestones and western energy market trends.


Find us on LinkedIn at SPP Markets+ and X at SPPMarketsPlus. Join the conversation and stay connected with the Markets+ community as we build the future of western energy markets together.

Upcoming stakeholder training

Markets+ trainer readiness & resource program

We will host our quarter two meeting for Markets+ entity trainers April 9, 2026, at 2 PM CST. This session will focus on sharing resources, gathering feedback and aligning on readiness training initiatives. If you are a Markets+ entity trainer and didn’t receive an invitation, please contact Courtney Clifton at cclifton@spp.org.


Level two: topic-specific training

Registration for Markets+ level two training is open. Building on level one, these courses provide deeper insight into core functions, market rules and operational processes across the Markets+ footprint. Click a course title below for details and to register.


Stay current on training

Visit the Market+ training page for course registration links, podcasts and resources. It’s updated regularly with new sessions and materials — bookmark and check often!

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