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July 22, 2024

Planning Resource Auction (PRA)

Stakeholders Question High Mich. Capacity Prices
Stakeholders asked if MISO’s new long-term generation outage policy played a role in driving up Michigan capacity prices in the Planning Resource Auction.
MISO Delays New LMR Accreditation Launch
MISO’s plan to crop some load-modifying resources’ capacity credits remains unpopular with stakeholders, prompting the RTO to postpone the accreditation.
MISO Leans Toward Seasonal RA
MISO is contemplating creating a seasonal design for its resource adequacy construct to manage potential reliability risks outside of the summer months.
UPDATED: Michigan Prices Soar in 8th MISO Capacity Auction
MISO’s capacity auction marked the RTO’s first clearing price set by its cost of new entry, as prices in the Lower Peninsula rocketed to almost $260/MW-day.
MISO Exploring Emergency Pricing, Forward Market
MISO is looking into a forward market mechanism and improvements to its scarcity and emergency pricing under its resource availability and need project.
MISO Prepares Deliverability, LMR Accreditation Filings
MISO is preparing to make two resource adequacy filings with FERC aimed at making its capacity resources more readily available.
MISO Forward Report Stresses Near-term Change
A report from MISO concludes stakeholders will need to quickly adjust the RTO’s capacity construct to accommodate a resource mix dominated by renewables.
MISO Pursues Leaner LMR Accreditation
MISO will seek FERC approval for a proposal to tighten LMR accreditation standards for capacity auctions as stakeholders complain the plan is restrictive.
Rules Will Limit MISO Capacity Resource Outages
MISO is wrapping up implementation of approved outage rules designed to dissuade capacity resources from taking long outages that could risk supply.
Little Change in MISO 2020/21 PRA Assumptions
Early data for MISO’s spring capacity auction shows a 1-GW uptick in the capacity supply needs but essentially no change in year-over-year peak forecasts.

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