value of lost load (VoLL)
MISO is once again evaluating the effectiveness of the rules behind its scarcity pricing just three years after shelving a similar effort.
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.
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.
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.
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.
The MISO Market Monitor still sees room for significant improvement after giving the RTO’s markets a passing grade.
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 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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