December 3, 2023

value of lost load (VoLL)

Admin Monitor
Texas PUC OKs Smaller Budget, Admin Fee Increases for ERCOT
The Texas PUC rejected ERCOT’s proposed budget and administration fee increase, agreeing instead to more incremental growth in its revenues.
Missouri State Representative Jim Murphy
MISO Raises ORDC’s Lowest Level to $1,100/MWh
MISO will jettison the most inexpensive step of its operating reserve demand curve, explaining that $200/MWh pricing is too low during shortage conditions.
© RTO Insider LLC
MISO Market Subcommittee Briefs: Oct. 7, 2021
MISO's Oct. 7 Market Subcommittee covered FTR market concerns and a customer ask for better load forecasting data.
MISO Market Subcommittee Briefs: June 10, 2021
The MISO Market Subcommittee meeting ran the gamut of storage participation, discovery of a longstanding energy pricing error and FTR underfunding.
Texas Admin Monitor
ERCOT Moves Quickly to Address Monitor’s Recommendations
ERCOT’s Market Monitor released its annual State of the Market report for 2020, finding that the wholesale market performed competitively in 2020.
MISO to Outline New Pricing Plan for Hurricanes
MISO hopes to have a more nuanced pricing plan before the next hurricane contorts transmission towers.
MISO Reevaluating VoLL as Monitor Pushes $10,000/MWh
MISO said it will soon present proposals for reformulating its VoLL while its IMM once again urged the RTO to nearly triple the current value.
MISO Questions VOLL Pricing During Abnormal Events
After Hurricane Laura’s landfall, MISO is questioning whether its value-of-lost load should be used to price energy during extraordinary weather events.
MISO Bends to Renewable Realities in ’20, ’21
In 2020 MISO managed remotely, redefining reliability standards, reorganizing its capacity market and launching a long-term transmission planning effort.
MISO Monitor Reviews Blustery Fall
Fall in MISO was a study in record wind production, but it came with a price, as it produced more than half of the quarter’s real-time congestion.

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