CARMEL, Ind. — Results from the latest OMS-MISO survey indicate the MISO region will have adequate resources through 2022, while continued action will be needed to ensure resource adequacy in the extended outlook. MISO briefed stakeholders on the survey results Friday, June 14th.
In most of the MISO region, load-serving entities with oversight by the applicable state or local jurisdiction are responsible for resource adequacy. The OMS-MISO survey provides a forward-looking view that informs MISO and stakeholders of the potential future resource landscape. The member responses help inform collaborative action by states and MISO members to ensure continued resource adequacy. This year’s survey shows MISO will have from 3.0 gigawatts to 5.8 gigawatts of generation resources beyond the regional requirement in 2020. The reserve margin is expected to range from 19.2 percent to 21.4 percent in 2020.
“Once again, this year’s results illustrate how state regulators working with their utilities and other market participants are successfully planning for and bringing the necessary resources online to meet demand in the future,” said Daniel Hall, president of the Organization of MISO States and Commissioner of the Missouri Public Service Commission. "The survey is an important tool to inform utilities, customers, other stakeholders and the general public of the current resource adequacy picture across the entire footprint.”
Like previous years, the demand forecast continues to indicate slowing growth. The 2020 summer peak forecast decreased 0.3 gigawatts from the 2018 survey. In the five-year outlook, the regional growth rate decreased from 0.3 percent last year to 0.2 percent.
On the supply side, the survey indicates that a decrease in resource commitments beyond 2022 could lead to greater resource adequacy risk.
“This picture continues to be validated by the trends we’ve seen over the last few years,” said John Bear, MISO chief executive officer. “The results also show a continued reliance on new generation construction and load modifying resources to meet future resource needs.”
As the MISO footprint continues to transform, MISO and its stakeholders must focus on impacts related to fleet change and continuing to increase coordination with our neighboring seams partners.
MISO is committed to supporting state resource adequacy actions that will help ensure sufficient resources are available to meet future power demand.
“We appreciate all of the work done by our load-serving entities, along with state commissions and their staffs,” explained Laura Rauch, MISO director of Resource Adequacy Coordination. “Our members have not only demonstrated they have sufficient resources to meet load and required reserves, but also that being part of MISO allows entities to acquire needed capacity beyond zonal boundaries to meet power needs.”
Details on the 2019 OMS-MISO survey are available on MISO’s website.
The Organization of MISO States Inc. is a non-profit, self-governing organization of representatives from each state with regulatory jurisdiction over entities participating in the Midcontinent Independent System Operator, Inc. (MISO), a regional transmission organization as defined by the Federal Energy Regulatory Commission (FERC). The purpose of the OMS is to coordinate regulatory oversight among the states, including recommendations to MISO, the MISO Board of Directors, the FERC, other relevant government entities and state commissions as appropriate.
MISO ensures reliable operation of, and equal access to, high-voltage power lines in 15 U.S. states and the Canadian province of Manitoba. MISO manages one of the world’s largest energy markets, with more than $24.7 billion in annual gross market energy transactions. MISO was approved as the nation’s first regional transmission organization in 2001. The non-profit organization is governed by an independent board of directors and is headquartered in Carmel, Indiana.