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Arizona Energy Providers Joining Markets+ to Strengthen Grid Reliability and Resilience

Nov 25, 2024•over 1 year ago

Contract Type

partnership

PhoenixEnergyRenewable EnergySolar

Description

Arizona Public Service (APS), Salt River Project (SRP), Tucson Electric Power (TEP), and UniSource Energy Services have announced plans to join Southwest Power Pool’s (SPP) Markets+ in order to enhance reliability, savings, and support the addition of more renewable resources to the energy grid. The new market is expected to bring about nearly $100 million in savings above current market participation, and will allow the energy providers to respond efficiently to market price changes and regional weather events.

Company Information

Company

Arizona Public Service Company

Location

Phoenix, Arizona, United States

About

Arizona Public Service Company (APS) provides reliable electricity to approximately 1.4 million homes and businesses across 11 counties in Arizona. With a commitment to 100% clean power by 2050, APS is a leader in delivering affordable and clean energy in the Southwest. It operates the Palo Verde Generating Station, the largest producer of carbon-free electricity in the nation. APS has a substantial renewable energy portfolio, with its current energy mix consisting of 51% clean energy.

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