New program aims to engage state and regional utilities and system operators in wholesale markets to potentially decrease their cost of electricity, often lowering energy bills for consumers.
November 3, 2023
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New program aims to engage state and regional utilities and system operators in wholesale markets to potentially decrease their cost of electricity, often lowering energy bills for consumers
On September 29, 2023, the Grid Deployment Office (GDO) announced a funding opportunity of up to $9 million to improve state and regional participation in wholesale electricity markets through the Wholesale Electricity Market Studies and Engagement Program (WEMSE). This new program aims to engage state and regional utilities and system operators in wholesale markets to potentially decrease their cost of electricity, often lowering energy bills for consumers.
Today, GDO announced the deadline for concept papers for the first round of WEMSE funding has been extended to November 17, 2023, at 5:00 p.m. ET to afford states, market operators, and other wholesale market stakeholders the time to develop coalitions and coordinate joint applications as appropriate. Applicants may update their concept papers until the deadline. Subsequent rounds of funding will open in 2024.