THE WOODLANDS, Texas — MISO said it will leave the 10-year-old guiding principles for its market design untouched after it conducted a check-in with stakeholders to gauge whether they are still valid in a rapidly changing industry. 

Speaking Dec. 10 at the meeting of the MISO Board of Directors’ Markets Committee, Zak Joundi, executive director of markets innovation and strategy, said the RTO received a “relatively small amount of written feedback” after soliciting recommended changes and updates at stakeholder committee meetings. (See Changing System Drives MISO to Scrutinize Guiding Market Principles.) 

Although a few stakeholders made suggestions about adding nods to resilience or being more prescriptive about resource adequacy, Joundi said the community remains generally supportive of the principles a decade later. 

“We feel like this truly covers the whole gamut,” he said. 

MISO’s five guiding principles include standing up an “economically efficient” wholesale market system, fostering nondiscriminatory market participation, maintaining transparent market pricing, facilitating efficient operational and investment decisions among market participants, and aligning market requirements with reliability requirements. 

In public meetings, some stakeholders have said the principles still seem to make a lot of sense even considering the transformed landscape. 

However, at the Market Subcommittee’s meeting in October, the Clean Grid Alliance’s David Sapper suggested MISO consider adding an insertion encouraging coordination and collaboration among members, regulators and governments to maintain resource adequacy. Sapper also condemned the suggestion that members and states stall carbon-reduction goals for the sake of reliability, made by MISO’s Todd Ramey the previous month. (See “More Supply Alarms,” MISO Board Week Covers Supply Worry, SoCal Utility Exec Addition, $400M Budget.)