Common use of Market Monitoring Clause in Contracts

Market Monitoring. SPP shall establish and provide appropriate support to a market monitoring function through an independent contractor possessing the requisite experience and qualifications. Market monitoring functions shall be carried out in a manner consistent with the safe and reliable operation of the SPP transmission system, the operation of a robust, competitive and non- discriminatory electric power market, and the principle that a Member or group of Members shall not have undue influence or impact. The market monitoring entity shall be selected by and report to the Board of Directors. Any reports submitted shall be concurrently provided to the Board of Directors and the appropriate regulatory body or bodies. The President shall ensure that the market monitoring entity has adequate resources, access to information, and the full cooperation of Staff and Organizational Groups for the effective execution of its duties. Market monitoring functions shall include but are not limited to: (a) Monitoring and reporting on compliance and market power issues relating to transmission services, including compliance and market power issues involving congestion management and ancillary services and the potential of any market participant(s) to exercise market power within the region by affecting available transmission capacity; (b) Evaluation and recommendation of any required modifications to the OATT, standards or Criteria (c) Ensuring that the monitoring program is conducted in an independent and objective manner; (d) Development of reporting procedures to inform governmental agencies and others concerning market monitoring activities; (e) Monitoring the behavior of market participants to determine whether there is any behavior that hinders the reliable, efficient and non-discriminatory provision of transmission service by SPP; (f) Ensuring that SPP’s involvement in markets does not discriminate in favor of any market participant or its own interests; and (g) Developing plans for mitigating market power, subject to appropriate regulatory approval.

Market Monitoring. SPP shall establish and provide appropriate support to a market monitoring function through an independent contractor possessing the requisite experience and qualifications. Market monitoring functions shall be carried out in a manner consistent with the safe and reliable operation of the SPP transmission system, the operation of a robust, competitive and non- non-discriminatory electric power market, and the principle that a Member or group of Members shall not have undue influence or impact. The market monitoring entity shall be selected by and report to the Board of Directors. Any reports submitted shall be concurrently provided to the Board of Directors and the appropriate regulatory body or bodies. The President shall ensure that the market monitoring entity has adequate resources, access to information, and the full cooperation of Staff and Organizational Groups for the effective execution of its duties. Market monitoring functions shall include but are not limited to: (a) a. Monitoring and reporting on compliance and market power issues relating to transmission services, including compliance and market power issues involving congestion management and ancillary services and the potential of any market participant(s) to exercise market power within the region by affecting available transmission capacity; (b) b. Evaluation and recommendation of any required modifications to the OATT, standards or Criteria; (c) c. Ensuring that the monitoring program is conducted in an independent and objective manner; (d) d. Development of reporting procedures to inform governmental agencies and others concerning market monitoring activities; (e) e. Monitoring the behavior of market participants to determine whether there is any behavior that hinders the reliable, efficient and non-discriminatory provision of transmission service by SPP; (f) f. Ensuring that SPP’s involvement in markets does not discriminate in favor of any market participant or its own interests; and (g) g. Developing plans for mitigating market power, subject to appropriate regulatory approval.