Planning Resource Auction (PRA)
After discord surrounding MISO’s plan to incorporate external zones into its auction and divvy up excess revenues, Entergy emerged with its own plan.
MISO has decided to delay the formation of external resource zones and seasonal capacity.
FERC approved MISO’s more stringent capacity withholding rule while also allowing the RTO to remove demand response from market monitoring.
Market participants remain skeptical of a MISO plan to integrate external resource zones into its annual capacity auction.
The MISO IMM gave board members an explanation of the most pressing of the nine new recommendations contained in this year’s State of the Market report.
MISO has introduced a three-step checklist that owners of BTM generation can use to prove deliverability for the Planning Resource Auction.
MISO presented stakeholders with a proposal to tighten rules on capacity imports amid uncertainty over a recent appellate court ruling.
MISO has adopted the Independent Market Monitor’s recommendation to base pricing of external capacity resources on bordering balancing authorities.
Stakeholders voted overwhelmingly to end debate about whether costs for MISO’s transmission use settlement with SPP should be allocated by capacity benefit.
All 135 GW worth of capacity procured across 10 local resource zones in the MISO fifth annual Planning Resource Auction cleared at $1.50/MW-day.
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