Utility Dive•10 days ago
Power producers ask FERC to reverse MISO’s $280M capacity auction ‘adjustment’
Key Takeaway
A $280M software error in MISO's capacity auction has triggered FERC complaints, highlighting market integrity risks and regulatory uncertainty for all participants.
AI Summary
- •MISO's last planning resource auction is under FERC scrutiny due to a software error that led to a $280M capacity adjustment.
- •Two complaints have been filed by power producers with FERC, challenging the integrity and financial outcomes of the adjusted auction results.
- •This incident introduces significant regulatory uncertainty and potential for market rule changes, impacting future capacity revenue projections for developers and IPPs in the MISO region.
- •Large power consumers face potential volatility in capacity charges and questions regarding the reliability of MISO's resource adequacy planning mechanisms.
Topics
capacity-marketfercmisopolicy