Issue Tracking Details

Short-Term Reserves IR010

Last Modified - 08/25/2021
2019 2020 2021 2022
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
CD
B
B
B
B
B
B
B
I
V

For help getting started with Short-Term Reserve, check out the Short-Term Reserve Fast Facts documents in the Documents/Whitepapers section of this page.

Short-term capacity, which can provide energy within a relatively short period of time (e.g. 30 minutes), is an important tool for maintaining reliability, providing the ability to manage capacity needs that may not be addressed by Operating Reserves and the Ramp Capability Reserve product. This project explores options, including existing and/or new pricing mechanisms, for ensuring the availability of short-term capacity in an efficient manner to address Voltage and Local Reliability (VLR), regional, and system-wide requirements. 

This issue was submitted by Potomac Economics, MISO's Independent Market Monitor (IMM) and is synonymous with State of the Market (SOM) recommendations 2016-4 and 2014-2.

Phase

B

Entities

Next Update

09/02/2021

Origin

IM SOM Recommendation

Status

Active

Priority

High

Integrated Roadmap

IR

Advisory Committee Priority

Improve market efficiency

Updates

08/19/2021

MISO submitted Tariff revisions to clarify the ineligibility of Dispatchable Intermittent Resources (“DIRs”) and Intermittent Resources to provide online Short-Term Reserve (“STR”). MISO requests that these Tariff revisions be given the same December 7, 2021 effective date as the currently accepted Tariff provisions on STR, and that the Commission issue an order on this filing by October 19, 2021 to facilitate MISO’s preparation to implement the requested Tariff changes.

08/05/2021

MUI testing with STR enabled in CCE is planned to complete by mid-September. Production operation of the Short-Term Reserve market is on track for delivery in Q4 2021. Registration is now open for STR. Participants are encouraged to register for the August 13 workshop and participate in available training modules.

06/10/2021

MISO provided project key dates, and stakeholder engagement awareness for the Short-Term Reserve (STR) project. STR is on track for December 2021 go-live.

04/15/2021

MISO provided an update on the Short-Term Reserve (STR) project. STR registration begins mid-June. MUI Testing with STR disabled in CCE will be late May and June. MUI Testing with STR enable in CCE will begin in July. Customer training will be available July thru October. Go live is set for December 7. MISO discussed the new products capabilities and defaults.

03/05/2021

Build is in progress. Registration and testing expected to be available June 2021. The Short-Term Reserve Primer (previously STR-CD One Pager) is now posted and available.

06/09/2020

Phase changed to Build. Design is complete. Software construction is expected to commence in Q3 of 2020.

02/06/2020

Updated timeline by changing Q1 and Q2 2020 from Concept Design "CD" to Build "B" to reflect activity after the FERC order.

01/31/2020

Order (#ER20-42-000) approved by FERC on January 31, accepting MISO's planned STR implementation on Dec. 7, 2021.

11/04/2019

Voted a High priority as part of MISO's 2019 Integrated Roadmap prioritization process.

09/12/2019

A project update was given at the Market Subcommittee Meeting. The Tariff revisions are targeted to file in September with a target go live of Q4 2021.

07/11/2019

Reviewed Module and Schedule Tariff changes. Feedback on proposed changes due July 31. FERC Filing mid-August

01/15/2019

Short-Term Reserves Workshop completed. Stakeholder feedback due by 2/15/19.

11/08/2018

Name changed to "Short-Term Reserves". Forecasted implementation date changed to Q2 2021.

05/08/2018

Name changed from Short-Term Capacity Pricing and Reliability Requirements to Short-Term Capacity Reserves

02/08/2018

Updated provided to Market Subcommittee (MSC), including change of priority from medium to high.

06/15/2017

This issue now includes IMM Recommendation 2016-4 to establish regional reserve requirements and cost allocation. Issue name changed to "Short-Term Capacity Pricing and Reliability Requirements".

11/29/2016

Expected completion date changed to 2021 to reflect resource availability. Issue now encompasses MR028 Pricing for Voltage and Local Reliability (VLR) Commitments due to overlapping project profile and solution.

06/01/2016

Updated information for the 2016 Market Roadmap ranking process.

01/19/2016

Issue added to Market Roadmap. Project moved into Evaluation phase.