CARMEL, IN--(Marketwired - April 15, 2014) - MISO successfully completed its second annual Planning Resource Auction under its enhanced Resource Adequacy construct this week. The auction covered the 2014-15 Planning-Year clearing 136,912 MW of Planning Resources from nine Local Resource Zones to meet MISO's system-wide and zonal Planning Reserve Margin Requirements (PRMR).
This year's auction produced three auction-clearing prices for the 2014-15 planning year.
- Zone 1 (Minnesota, North Dakota, and Western Wisconsin) cleared at $3.29 per MW-day driven by the zone's capacity export limitations
- Zones 2-7 (Upper Michigan, Eastern Wisconsin, Iowa, Missouri, Indiana, Illinois, Kentucky, and Lower Michigan) cleared at $16.75 per MW-day
- Zones 8 and 9 (Arkansas, Louisiana, Mississippi, and Texas) cleared at $16.44 per MW-Day as constraints related to expected intra-RTO dispatch ranges bound between the MISO South and the MISO Central/North Regions
Results of the auction indicate an excess of 12,201 MW resource credits above the system's need to meet forecasted demand during the 2014-15 planning year, despite increases to MISO's Planning Reserve Margin and increases in Coincident Peak Forecasts.
Cleared Planning Resources include 124,556 MW of Generation Resources, 3,743 MW of Behind-the-Meter Generation, 5,457 MW of Demand Response, and 3,156 MW of External Resources.
Access the auction results from the Resource Adequacy section of MISO's website.
MISO ensures reliable operation of, and equal access to, high-voltage power lines in 15 U.S. states and the Canadian province of Manitoba. MISO manages one of the world's largest energy markets, with more than $20 billion in annual gross market energy transactions. MISO was approved as the nation's first regional transmission organization in 2001. The not-for-profit organization is governed by an independent board of directors and is headquartered in Carmel, Indiana.
The following files are available for download: