Carmel, Ind. – 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.