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Western Electric Providers Explore Regional Market Solutions

Strategic Insights

— 1 min read

Arizona's largest electricity provider, Arizona Public Service, is leading a group of 17 Western energy companies to explore regional market solutions for day-ahead energy sales, transmission system expansion, and other power supply and grid solutions. The Western Markets Exploratory Group (WMEG) aims to identify market solutions that can help achieve carbon reduction goals while supporting reliable, affordable service for customers.

Key Takeaways:

  • The WMEG is exploring regional market solutions for day-ahead energy sales, transmission system expansion, and other power supply and grid solutions.
  • The group includes 17 Western energy companies, including Arizona Public Service, Xcel Energy-Colorado, Black Hills Energy, and NV Energy.
  • The WMEG is focused on developing long-term solutions to improve market efficiencies in the West, incorporating lessons learned from existing regional markets and other efforts across the West.
  • The group's discussions will not impact participation in or evaluation of other markets, such as the California Independent System Operator's Western Energy Imbalance Market.
  • Many of the companies in the group are committed to serving customers with 100% clean power, with some companies aiming to achieve this goal as early as 2050.

Statistics:

  • The WMEG includes 17 Western energy companies, serving over 9 million customers across the region.
  • The group's discussion area spans over 141,503 square miles, with 17,645 miles of transmission lines in operation.
  • Xcel Energy-Colorado serves over 1 million customers in Colorado, with a goal to reach 100% clean power by 2050.
  • NV Energy provides energy services to over 1.5 million customers in Nevada, with a goal to serve 100% clean power by 2050.
  • Arizona Public Service serves over 1.3 million customers in Arizona, with a goal to serve 100% clean power by 2055.

Sources:

  • Arizona Public Service News Release
  • Company profiles for Arizona Public Service, Xcel Energy-Colorado, Black Hills Energy, and NV Energy.

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