MISO’s inability to manage generation outages a factor in January price spike

Platts

The Midcontinent Independent System Operator’s lack of authority to manage resource outages played a big role in the MISO South Region’s maximum generation event and high power prices in January, the independent market monitor said Wednesday.

During a meeting of the Entergy Regional State Committee, a group of regulatory representatives from MISO South’s footprint of Arkansas, Louisiana, Mississippi and Texas, David Patton, president of Potomac Economics, MISO’s IMM, noted that …

Texas PUC should mull cutting reliability capacity from ORDC formula

Platts

In a memo filed Thursday, Public Utility Commission of Texas staff recommended considering the removal of generation committed for reliability from the Electric Reliability Council of Texas’ calculations used with its Operating Reserve Demand Curve, a scarcity price adder, which drew mixed reactions from industry observers Friday.

Currently, generation committed for reliability purposes is included in the actual reserves used in the ORDC calculation. Such units can be committed on a temporary basis, known as …