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.

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.

The MISO Resource Adequacy Subcommittee will devote time this year to several projects focused on improving the RTO’s resource adequacy construct.

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.

MISO staff asked the Resource Adequacy Subcommittee (RASC) for feedback on the group’s priorities for 2018 and how the RTO could import capacity from IESO.

MISO’s next capacity auction will likely rely on megawatt values and limits similar to those underpinning last year’s auction.