The electricity industry continues to face uncertainty about future energy policy and regulations. Fuel prices, emerging technologies and other factors further limit predictability. Yet, these factors all impact the future of electricity production and delivery – something that MISO must be able to plan for and accommodate today and in the future.
The MISO region has experienced a significant shift in the resource portfolio over the past decade:
- In 2005, coal (76%), nuclear (13%) and gas (7%) powered the Midwest with the help of a negligible amount of renewable generation.
- By 2016, coal had fallen below 50%; gas grew to 27% and 16 GW of installed wind produces 8% of our energy today
We expect this trend to continue as the industry further invests in lower carbon-emitting resources
As we move into the second quarter of 2017, we remain focused on our strategic objectives; Market and Grid Positioning, Serving and Growing Membership and Providing Independent Thought Leadership. Doing so enables us to continue to provide reliable least cost energy and provide increased value to our members. During this week’s Board of Directors meetings, we spent time talking specifically about the following three topics affecting MISO stakeholder right now.
We believe that addressing challenges head-on and collaborating on the best ways to capitalize on the opportunities inherent in our evolving industry is what enables MISO to be the most reliable, value-creating RTO. As we move through 2017 we look forward to working closely with our stakeholders on these and other emerging issues.