Western Market Development
The Transition to Organized Markets can be Daunting
TEA can help you thrive with our team of experts by your side
Preparing for new organized markets in the West? TEA has more than 20 years of experience helping public power utilities of all sizes navigate moving from bilateral to organized market participation. Whether you’re joining the CAISO Extended Day-Ahead Market (EDAM), SPP Markets+, or the SPP RTO-West, we can help you navigate your next move. From providing you with the advice you need to prepare, reviewing advice you’ve already received, or partnering long-term to integrate your utility with the opportunities created by participation in these organized markets, TEA’s team of experts is here to help you with this critical market transition.
TEA is heavily involved in everything from policy formation and strategic planning to daily trading, resource optimization, and mid- and back-office operations across the western interconnect. TEA has been successfully partnering with public power entities across CAISO, PJM, MISO, ERCOT, and SPP to do the same for more than two decades. This nationwide immersion in all forms of wholesale energy markets not only provides us with invaluable insights but also positions us to lead the charge in embracing change. Simply put, TEA has the expertise, knowledge, tools, and capacity to position your utility for success – today, tomorrow, and for years to come.
TEA Wholesale Market Services and Integration in the Western Markets:
As a public power owned and operated nonprofit entity, TEA partners with public power utilities large and small to scale our offerings to meet their unique needs, including:
Energy Trading and Risk Management
• TEA manages financial and physical trading for utilities across all seven RTOs (MISO, SPP, CAISO, PJM, ERCOT, NYISO, and ISO-NE). TEA's services include managing the seams between these markets and between/within adjacent bilateral wholesale markets.
Environmental Attributes Trading, Compliance, and Portfolio Optimization
• TEA provides holistic environmental trading services for clients in California, Washington, and beyond to meet state environmental compliance as well as their own local targets. This includes optimizing attribute portfolios across clients and engaging with external markets from start to finish in managing environmental portfolio positions and closing deals.
• TEA provides carbon management services for 14 Washington utilities to aid in their compliance with the Washington Cap and Invest program. Services include completing annual carbon emissions reports on behalf of utilities and recommending strategies for participating in quarterly carbon allowance auctions.
Western Resource Adequacy Program (WRAP) Integration
• TEA is the Load Responsible Entity for five Pacific Northwest utilities and has been their trusted advisor in the development of WRAP.
TEA has also been instrumental in ensuring that the proposed Western Markets work for public power, in multiple ways:
Market Readiness Services Provider
• Assessing people, processes, and systems capabilities in light of organized market requirements and opportunities, identifying partnership opportunities that allow reliable, efficient, timely, and cost-effective market participation.
Day-Ahead Market and RTO Onboarding and Market Participation
• Preparing utilities whose loads and/or resources are physically located in either the SPP RTO-West, SPP Markets+, or CAISO EDAM for market participation and maximizing the value of their generation and transmission assets in the market.
Day-Ahead Market Development
• Actively engaged in SPP Markets+ and CAISO EDAM market design working groups and stakeholder processes, coordinating with public power entities across the western interconnect.
Meet The Team
