Chelan PUD Prepares to Join Markets in 2028

Chelan PUD commissioners voted unanimously on Monday to join the Southwest Power Pool’s Markets+, with plans to become operational in 2028. This decision enables Chelan PUD to enhance its energy trading efficiency and diversify its renewable energy portfolio, which includes solar, wind, and hydropower. Chief Energy Resource Officer Janet Jaspers highlighted the importance of adapting to a changing energy landscape that emphasizes reliability and independent governance. Markets+ will also improve the region’s transmission system, facilitating better energy flow to meet customer needs. The utility produces more electricity than is needed locally, with most surplus sold through long-term contracts, but the new trading approach aims to optimize day-ahead and real-time transactions.

The shift to centralized energy markets is driven by the retirement of coal and natural gas resources and a growing demand for energy. Chelan PUD contributed nearly $1. 3 million towards the $150 million implementation of Markets+, demonstrating its commitment to this initiative. The move signifies a notable response to the evolving dynamics of energy production and consumption in the region.