MISO Resource Adequacy Subcommittee (RASC)
MISO said a new rule prohibiting resources on extended outages from offering capacity contributed to the historic spike in Zone 7 prices in April’s PRA.
MISO said it will file a one-time waiver with FERC to ensure market participants can replace load-modifying resources impacted by the coronavirus pandemic.
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’s plan to crop some load-modifying resources’ capacity credits remains unpopular with stakeholders, prompting the RTO to postpone the accreditation.
MISO is contemplating creating a seasonal design for its resource adequacy construct to manage potential reliability risks outside of the summer months.
MISO is offering stakeholders a compromise on one of two proposals it will file with FERC, removing a provision that would eliminate capacity credits for slow-response LMRs.
MISO is preparing to make two resource adequacy filings with FERC aimed at making its capacity resources more readily available.
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 will seek FERC approval for a proposal to tighten LMR accreditation standards for capacity auctions as stakeholders complain the plan is restrictive.
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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