Planning Resource Auction (PRA)
Stakeholders said they foresee MISO making multiple changes to its markets to accommodate energy storage in response to FERC Order 841.
MISO’s Market Monitor floated a plan that would allow resources that are unavailable for the full planning year to offer into the RTO’s capacity auction.
A recent MISO study slightly overestimated actual capacity offers in the 2018/19 Planning Resource Auction.
MISO reported clearing 135 GW of capacity, with nine of its 10 local resource zones clearing at $10/MW-day.
The MISO Resource Adequacy Subcommittee will devote time this year to several projects focused on improving the RTO’s resource adequacy construct.
After almost three years of deliberation, MISO is putting the final touches on a plan to create external resource zones for its annual capacity auction by 2019.
FERC both vacated and reinstated MISO’s entire resource adequacy construct, ultimately leaving the RTO’s current capacity auction format undisturbed.
The MISO Market Monitor is seeking to use the RTO’s recent refiling of its resource adequacy construct to force a FERC ruling on changing its capacity demand curve.
Preliminary estimates show that MISO’s capacity requirements and available supply for the 2018/19 capacity auction will be in line with last year’s figures.
MISO obtained a one-time waiver of the deadline for its 2017/18 capacity auction from FERC because of technical difficulties on the RTO’s market platform.
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