November 2, 2024

value of lost load (VoLL)

MISO Revisits Scarcity Pricing Rethink
MISO is once again evaluating the effectiveness of the rules behind its scarcity pricing just three years after shelving a similar effort.
MISO Files Offer Cap Revisions Ahead of Schedule
MISO is hoping to avoid the need for a 6th straight waiver of its $1,000/MWh offer cap this winter, filing a year ahead of a FERC deadline.
Counterflow: Reliability Costs, Fox-Henhouse Regulation
Steve Huntoon, our Counteflow columnist, looks back at 4 years of his "scribblings" to see what he got right, what he got wrong, and what’s happened since.
MISO’s Plans for Wintertime Offer Caps Stalled by FERC
FERC found that MISO did not adequately comply with its directives in Order 831, which stipulated changes to the RTO's hard and soft offer cap processes.
MISO Board Hears State of the Market Recommendations
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
Monitor Recommends 9 New MISO Market Changes
The MISO Market Monitor still sees room for significant improvement after giving the RTO’s markets a passing grade.
MISO, IMM Differ over Scarcity Pricing Changes
The MISO IMM says the RTO isn’t going far enough in proposing changes to comply with FERC’s offer cap rules, like increasing the max value of lost load.
MISO Contemplates Market Design Changes from FERC Offer Cap Rule
MISO is considering how to alter its market rules to comply with a FERC order that “softens” the current energy offer cap.

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