MISO Clears First Annual Capacity Auction
Results provide certainty, illustrate region’s ample capacity supply, efficient use
“The new annual capacity auction provides greater certainty and ensures sufficient resources will be available to meet peak demand, demonstrating how markets facilitate meeting the region’s electricity needs reliably and cost effectively,” said
The voluntary annual capacity auction replaces MISO’s former monthly auction process, and includes the ability to self-supply or “opt-out” of the auction clearing process. “In addition, these enhancements preserve the existing benefits of state planning processes while providing market mechanisms to ensure prices reflect efficient, competitive market outcomes as well as transmission limitations that might exist between zones,” Doying said.
A total of 97,206 megawatts of planning resources were cleared to meet the MISO footprint resource adequacy requirements. This volume includes 90,711 megawatts of generation resources, 3,103 megawatts of external resources, and 3,393 megawatts of behind-the-meter generation resources.
The auction results are posted on the Resource Adequacy Planning section of MISO’s website.
These results will be discussed at the April 15 Supply Adequacy Working Group meeting in
MISO ensures reliable operation of, and equal access to high-voltage power lines in 15 U.S. states and the Canadian province of