Federal Energy Regulatory Commission Approves Market-Based Rate for Great Bend Solar, LLC

Strategic Insights -

The Federal Energy Regulatory Commission (FERC) has approved market-based rate authority for Great Bend Solar, LLC, allowing the company to sell energy, capacity, and ancillary services at market-based rates. The application was submitted on April 17, 2025, and amended on May 1, 2025. FERC accepted the proposed market-based rate tariff for filing, effective July 15, 2025.

Great Bend Solar, LLC meets the Commission's requirements for market-based rate authority regarding horizontal and vertical market power. The company's generation capacity in the PJM Interconnection, L.L.C. (PJM) market is fully committed under long-term power purchase agreements. FERC granted waivers for parts of the Commission's regulations, including those related to cost-of-service information, accounting and reporting requirements, and other provisions.

Key Takeaways:

  • FERC approved market-based rate authority for Great Bend Solar, LLC, allowing the company to sell energy, capacity, and ancillary services at market-based rates.
  • The application was submitted on April 17, 2025, and amended on May 1, 2025, with FERC accepting the proposed market-based rate tariff for filing, effective July 15, 2025.
  • Great Bend Solar, LLC meets the Commission's requirements for market-based rate authority regarding horizontal and vertical market power.
  • The company has fully committed its generation capacity in the PJM Interconnection, L.L.C. (PJM) market under long-term power purchase agreements.
  • FERC granted waivers for parts of the Commission's regulations, including those related to cost-of-service information, accounting and reporting requirements, and other provisions.
  • Great Bend Solar, LLC must file Electric Quarterly Reports (EQRs) with the Commission, consistent with Order Nos. 2001-10 and 768; and must comply with the requirements of Order Nos. 860 and 860-A.
  • The company must also timely report to the Commission any change in status that would reflect a departure from the characteristics the Commission relied upon in granting market-based rate authority.

Statistics:

  • FERC approved market-based rate authority for a total of 48 megawatts of generation capacity in the PJM Interconnection, L.L.C. (PJM) market.
  • Great Bend Solar, LLC will sell energy, capacity, and ancillary services at market-based rates for a total of 48 megawatts.
  • The company will file Electric Quarterly Reports (EQRs) with the Commission, consistent with Order Nos. 2001-10 and 768.
  • Great Bend Solar, LLC must comply with the requirements of Order Nos. 860 and 860-A, as well as the regulations promulgated pursuant to those rules.

Sources:

  • FERC, "Market-Based Rate Authorization," Delegated Order, July 10, 2025.
  • FERC, "Market-Based Rates for Wholesale Sales of Electric Energy, Capacity, and Ancillary Services by Public Utilities," Order No. 697, July 10, 2007.
  • FERC, "Open Access and Priority Rights on Interconnection Customer's Interconnection Facilities," Order No. 807, July 10, 2015.
  • FERC, "Revised Public Utility Filing Requirements," Order No. 2001, January 18, 2002.
  • FERC, "Electric Market Transparency Provisions of Section 220 of the Federal Power Act," Order No. 768, February 15, 2012.
  • FERC, "Data Collection for Analytics and Surveillance and Market-Based Rate Purposes," Order No. 860, June 17, 2019.