State regulators of MISO South are withholding support for MISO’s plan to implement a sloped demand curve in its capacity auctions based on a proposed option for states to shield themselves from the effects.
A comfortable result for MISO's 2023/24 auction does not guarantee sufficient capacity during the coming summer, executives said.
MISO said that a sloped demand curve applied to its recent seasonal auction would have boosted summer clearing prices as much as sixfold.
MISO players weighed the RTO’s recent moves to fortify resource adequacy, including seasonal capacity, accreditation approaches a downward-sloping demand curve.
FERC issued MISO a show-cause order saying it appeared to violate its tariff by failing to publish a system-wide unforced capacity ratio ahead of its auction.
The likelihood of a sloped demand curve in MISO’s capacity market earned seals of approval from panelists at GCPA’s 9th Annual MISO/SPP Regional Conference.
PJM said it will ask FERC to modify the rules of its 2024/25 capacity auction to avoid artificially high prices in one region of the RTO.
Months before MISO debuts a seasonal capacity auction, its IMM said he has uncovered a faulty assumption behind the seasonal capacity requirements.
The Organization of MISO States has publicly announced that using a downward-sloping demand curve in MISO’s capacity auction could be a good idea.
MISO broadcast to stakeholders that it’s ready for a sloped demand curve in its capacity auction.
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