MISO: Auction Results Point to Need for Sloped Demand Curve
MISO executives said the capacity market still needs fixing, warning that the surplus gained from last week’s auction is fleeting without long-term changes.
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MISO executives said the capacity market still needs fixing, warning that the surplus gained from last week’s auction is fleeting without long-term changes.
MISO players weighed the RTO’s recent moves to fortify resource adequacy, including seasonal capacity, accreditation approaches a downward-sloping demand curve.
The results of MISO’s inaugural seasonal capacity auctions, released late Wednesday, showed sufficient supply for the 2023/24 planning year.
MISO will fire up its capacity auction machinery beginning April 18 after it was forced to delay the auction last month on a FERC order.
Two competitive electricity organizations have protested FERC’s show-cause order to MISO that will ultimately downsize resources’ capacity accreditation values.