CARMEL, Ind. — MISO will likely add new details to its monthly operations reports as a result of an annual review, engineer Oluwaseyi Akinbode told the Nov. 29 Market Subcommittee meeting.
Akinbode said MISO will add a market efficiency metric based on the alignment of the financial transmissions rights, day-ahead and real-time markets. (FTR shortfalls plus real-time excess congestion funds divided by FTR target credits.)
Market efficiency is expected to maintain a 12-month rolling average of at least 94%. If the rolling average falls to 92% or lower, or the monthly average falls below 87%, the issue will be flagged for review by MISO staff.
Jeff Bladen, executive director of market services, said the metric will help the Board of Directors understand the reasoning behind future proposals for market improvements. “It’s intended to be a broad indicator and not a surgical tool to identify improvements with,” he said.
WPPI Energy economist Valy Goepfrich said the new metric is difficult to understand and asked how MISO calculates FTR shortfalls.
Akinbode also said MISO will add charts depicting transfer trends between the RTO’s North and Central regions and MISO South. He asked for comments through mid-December and said MISO would respond to stakeholder suggestions in January.
Run Reason Requirement Shelved
MISO has canceled plans for a mechanism to track the reasons behind commitment decisions because of a lack of stakeholder interest.
The mechanism would have tracked information including start and stop times, run reasons and sources of commitments. A similar project was shelved in 2012. At that time, MISO’s market communication system provided the information, but it is no longer “the system of record,” the RTO said.
Constellation Energy requested the tracking mechanism in May 2016. But Bladen said MISO’s request for feedback on the possible data collection yielded only four stakeholder responses, half of them expressing low interest and the other half asking the project not be taken up.
“So, on the basis of that, we are not pursuing this item,” Bladen said. He added that stakeholders may raise the topic again using the Steering Committee’s issues introduction process.
The initiative is expected to be closed at the December Steering Committee meeting.
— Amanda Durish Cook
