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BREAKING: The Bonneville Power Administration (BPA), which sells power from federal dams on the Columbia and Snake Rivers, published a draft decision to join Markets+. If BPA joins Markets+, it will create significant problems for regional electric prices, decarbonization, and salmon recovery.
Energy markets are formal structures through which electric utilities can buy and sell energy. In the West, two day-ahead energy markets are competing to attract utilities to join their footprint. In general, markets with more participants and a wider footprint create greater benefits and efficiencies, which are shared among the participants. A day-ahead market is a structure where participants buy and sell electricity at a set price for the following day. For several years, the BPA has been going through a process to determine which market to join. Now, they’re headed toward the wrong market.
The Extended Day Ahead Market (EDAM) is the larger and more well-developed of the two. Built on the successful Western Energy Imbalance Market, which most Western utilities have already joined, several major utility players have already signaled their intent to join EDAM, including PacifiCorp, Portland General Electric, Idaho Power and NV Energy. EDAM’s structure has been largely approved by federal regulators and is expected to go live in 2026.
Markets+, developed by the Southwest Power Pool, is the other market. The Federal Energy Regulatory Commission recently approved this construct, although they noted several to-be-developed parts. Because SPP must build Markets+ from scratch, the timeline for this market’s full development is uncertain.
BPA expects to finalize their decision in early May. We need your help to urge BPA, and Northwest elected officials, to unify the west, rather than split the market, in order to lower energy costs for consumers AND decarbonize the energy grid.
DEADLINE TO SUBMIT COMMENTS: 10AM on April 7th.
Additional Background:
In March 2025, BPA published a draft decision to join Markets+ and said it would finalize its decision in May. If the agency doesn’t change course, it will make the pathway to regional decarbonization much harder and leave significant savings for its customers on the table. Joining EDAM is a better path. The broad base of clean resources available through EDAM could allow BPA to generate less power from the federal hydrosystem and reduce harm to endangered migrating salmon and steelhead. EDAM is also more likely to encourage development of new carbon-free resources and transmission which could then be spread out among a larger region, creating savings for customers.
Here are some facts:
All of these higher production costs incurred by BPA through this decision will be borne by ratepayers in the Northwest. As BPA’s costs grow, so do its rates. Seattle City Light estimated that, based on its share of the BPA system, the decision to join Markets+ would increase power costs for Seattle residents by up to $21 million per year.
Here’s some other factors BPA should consider:
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