[vc_row][vc_column][vc_column_text]Today is a big day for stakeholders in the MISO footprint. The Resource Adequacy Subcommittee kicks off its first meeting as part of MISO’s stakeholder redesign process which aims to carve a path for a consolidated stakeholder process that promotes reliable and efficient electricity across the MISO footprint for years to come. The establishment of the RASC exemplifies the ongoing commitment and collaboration between MISO and stakeholders to address resource adequacy issues. Previously, these issues were split across the Demand Response Working Group, the Electric and Natural Gas Coordination Task Force and the Supply Adequacy Working Group. The following topics reside at the top of the new committee’s priority list:
- Seasonal and Locational Resource Adequacy Constructs
Revisions to MISO’s Seasonal and Locational Resource Adequacy Constructs could improve efficiency and effectiveness of those tools – creating a better platform for resource adequacy planning.
- Resource Adequacy in Restructured Competitive Markets
Targeted reforms are needed to address energy price formation and timing issues that impact utilities operating in states with restructured competitive electricity markets. In these markets, MISO’s current Planning Resource Action may not be providing sufficient price signals – inhibiting utilities from making timely energy investment decisions. If not addressed, this has the potential to impact future reliability and efficiency.
Today’s agenda calls for an update on the progress of the Competitive Retail Solutions task team created to define and resolve issues impacting states with retail competition in the MISO footprint ala bullet point #2. Also on the agenda are discussions related to MISO’s annual Loss of Load Expectation study and initial results of the 2016-17 Planning Reserve Auction. Voting members will have the opportunity to weigh in on a motion to change MISO Tariff language to support a seasonal, rather than annual, resource adequacy construct ie bullet point #1.
The RASC is meeting as we speak but with administration items at the top of the agenda there is still time to dial in before the major discussions take place!! Dial up and Webex participation is available on the MISO website for all interested parties.
Not able to join? No worries. We will post a recap after the meeting.[/vc_column_text][/vc_column][/vc_row]