Following a summertime emergency pricing event that resulted in depressed prices, MISO is considering changing its emergency offer floor calculations to expand the pricing logic to more emergency power.

In this week's Market Subcommittee meeting, MISO said they will monitor maximum generation procedures as a result of pricing errors during a warning.

At the Market Subcommittee, MISO announced that next month they'll implement two new offer floors for emergency pricing to alleviate “price depression.”

With its reliance on demand response and behind-the-meter generation increasing amid generator retirements, MISO plans to update the way it sets prices during emergency resource offers.

MISO has agreed to withdraw a unilateral proposal to amend the MISO-PJM joint operating agreement (JOA) after PJM officials expressed concern that it was overly broad.

The Demand Response Subcommittee will seek ways to improve measurement and verification of emergency demand response under an issue charge approved last week by the Market Implementation Committee.

Stakeholders endorsed manual changes to implement dispatch rules for demand response and lessons learned from the extreme weather of the last year.

The Operating Committee last week endorsed changes to Manuals 3A and 13 while the Market Implementation Committee endorsed revisions to Manual 28.

The following PJM manual changes were endorsed by the Markets and Reliability Committee on Nov. 21.

The Markets and Reliability Committee heard first reading last week on the following PJM manual changes. Members will be asked to endorse the changes at the MRC’s next meeting.