Colorado Springs Utilities announced Wednesday it will join the Southwest Power Pool next April, a move that will offer the city-owned electricity provider greater access to buy and sell renewable energy and potentially save millions of dollars over time. We do feel like it’s going to be definitely good for our ratepayers, said Lisa Barbato, general manager of the energy supply department.
Utilities entered a joint dispatch agreement last year that eased the process of buying and selling power among local providers like Xcel Energy. That has saved Utilities $2.4 million, she said.
The new agreement will allow Utilities access to a larger market for electricity, known as the Western Energy Imbalance Service, a subset of the Southwest Power Pool.
Courtesy Colorado Springs Utilities
Colorado Springs Utilities announced it will join Southwest Power Poolâs Western Energy Imbalance Service Market in April 2022 and will join other western utilities in evaluating membership in SPPâs regional transmission organization.
According to a Utilities-issued news release, SPP Inc. is a regional transmission organization: a not-for-profit corporation mandated by the Federal Energy Regulatory Commission to ensure reliable supplies of power, adequate transmission infrastructure and competitive wholesale electricity prices on behalf of its members. SPP manages the electric grid across 17 central and western U.S. states and provides energy services on a contract basis to customers in both the Eastern and Western Interconnections. The companyâs headquarters are in Little Rock, Arkansas.
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LITTLE ROCK, Arkansas Tri-State Generation and Transmission Association Inc. has begun membership in a energy imbalance market that it says is critical in its longer-term renewable-energy plans.
The market, which launched at midnight Monday as the Western Energy Imbalance Service, is run by Arkansas-based Southwest Power Pool Inc. The WEIS market allows the power wholesalers to trade energy with other producers in Montana, Wyoming, Colorado and portions of Arizona depending on demand within five-minute intervals. For example, if a wholesaler in western Colorado is taking on heavy demand and a supplier in Wyoming has excess energy, the two can trade that power within the market.