July 2025 ISSUE

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.

Markets+ phase two development begins with secured financing

Markets+, SPP’s western day-ahead and real-time market, reached a major milestone this week as it entered the second phase of development, backed by secured financing to cover the $150 million needed for full market implementation.

Read more here.

Phase two governance participation deadline July 23

Implementation of the Markets+ Tariff is officially underway. Fully rostered working groups and task forces are necessary to continue design and implementation activities for Markets+ during this time. Rosters will be built based on balanced representation from all sectors as outlined in respective scope statements. Working group and task force rosters for phase two will be approved at the Aug. 12-13 MPEC meeting. The deadline for consideration in the initial phase two governance seating is July 23. 

Independent governance is a cornerstone of all SPP offerings, and we are formally inviting stakeholders to participate in phase two governance, as a rostered member of a working group or task force, by signing one of three agreements: a phase two funding agreement, a phase two participation agreement or a phase two stakeholder agreement.

Any interested party may request an agreement by using the SPP request management system, linked here: https://spprms.issuetrak.com/login.asp

Governance and Readiness Webinar recording available

SPP held the Governance and Readiness Webinar June 30, where staff presented an overview of phase two governance, deadlines for participation, various phase two agreements and how SPP is preparing for implementation. Access the recording here.

MPEC meeting date change

There is an important change to the August 2025 Markets+ Participant Executive Committee (MPEC) meeting schedule.

The originally scheduled two-day meeting is being condensed into one day, Wednesday, Aug. 12, at the Hyatt Regency Portland at the Oregon Convention Center.

Please note the second day, Thursday, Aug. 13, will now be used to host the face-to-face Markets+ Change User Forum (MCUF) meeting previously scheduled for Aug. 5. This change will reduce travel for participants and be a more efficient use of the both groups’ time. We will host a reception after the MPEC meeting for both groups.

Update schedule:

Aug. 12: MPEC – 8:30 a.m. to 5 p.m. PT.

Aug. 12: MPEC and MCUF reception 5-6:30 p.m. PT

Aug. 13: MCUF – 9 a.m. to 3 p.m. PT

Breakfast and lunch are provided both days.

Registration for the meeting is on SPP website at the link below. The in-person registration cut-off date is Aug. 5 at 8 a.m. CT.



https://spp.org/calendar-list/marketsplus-participant-executive-committee-meeting-20250812/

Holistic review of protocol language scheduled Q3 2025

Holistic review of protocol language is tentatively scheduled for Q3 2025. SPP staff will review the complete package of protocol language, make suggested changes and bring them to the MPEC for approval in November.

Upcoming stakeholder training

SPP Stakeholder Training will be conducting Markets+ training Aug. 13. Power Up: An Introduction to Markets+ is a virtual instructor-led course that seeks to define an energy market, recognize the key roles in Markets+ and identify and distinguish the primary components of an energy market.

There are many self-study courses available on demand, whose concepts may aid understanding of SPP's market design, which shares foundational knowledge with Markets+.

Find out more here.