MISO Market Subcommittee (MSC)
MISO expects a chance for an emergency every month this fall, with the possibility of burning through the entirety of its emergency resource reserves.
MISO said FERC's refusal to grant a delay on Order 841 compliance means it must roll out a storage participation model twice on old and new market platforms.
MISO's proposed seasonal accreditation for capacity resources remains a point of contention among the RTO, its Market Monitor and the stakeholder community.
MISO defended its June 10 decision to call an emergency to access load-modifying resources at last week's Market Subcommittee meeting.
The MISO Market Subcommittee meeting ran the gamut of storage participation, discovery of a longstanding energy pricing error and FTR underfunding.
MISO said its markets will need renovation as it braces for systems rife with renewables and extreme weather uncertainty.
MISO stakeholders were shocked to learn that the RTO needs another few years to allow energy storage to participate in its markets.
MISO reiterated the extraordinary nature of mid-February’s winter storm, promising more data later this month and resource adequacy solutions by year-end.
MISO said it is seeking ways to help slow-starting units make more informed decisions but won’t plunge into developing a financially binding forward market.
MISO said it will file with FERC updates to its emergency pricing design, hoping to spur more action from suppliers when conditions get risky.
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