CARMEL, Ind., VALLEY FORGE, Pa. and LITTLE ROCK, Ark., Feb. 19, 2002 — The Midwest Independent Transmission System Operator, Inc. (MISO), PJM Interconnection and Southwest Power Pool, Inc. (SPP) have scheduled the second meeting of the Single Market Design Forum (SMDF) to be held from 10:00 a.m. to 3:00 p.m., Wednesday, March 13, at the Hilton Greater Cincinnati Airport.
To register, go to http://www.miso-pjm-spp.com, and click working groups>Single Market Design Forum>March 13.
Last month, MISO, PJM and SPP unveiled a vision to achieve a common single wholesale market with a “one-stop shop” that meets the needs of all stakeholders using the electric power grid in the areas served by them. The organizations executed a Letter of Intent to develop a joint and common wholesale energy market for electricity producers and consumers in all or parts of 26 states, the District of Columbia and the Canadian province of Manitoba.
To meet the needs of all market participants, the SMDF is using a consensus-based approach throughout the market-design process. All interested parties are welcome to attend the SMDF meetings, which are held regularly and facilitated by MISO, PJM and SPP staff.
The goal of the SMDF is to identify the needs of market participants and promote efficiency in electricity markets. At the first SMDF, held February 8 in Washington, D.C. at the Federal Energy Regulatory Commission building, participants expressed support for a joint and common wholesale energy market.
Consensus was achieved for attributes that define the joint market: reliability, security constrained economic dispatch, locational marginal pricing, financial transmission rights, real-time and day-ahead energy markets, self-scheduling capabilities and voluntary market participation including the ability to perform bilateral transactions. More than 300 people participated in the kick-off meeting through attendance, telephone or viewing a Web cast.