Home Stakeholder Engagement Issue Tracking Enhance Economic Selection and Dispatch of Spinning Reserves

Issue Tracking Details

Enhance Economic Selection and Dispatch of Spinning Reserves IR021

Last Modified - 06/09/2020

This issue is being tracked through MSC012 - Spinning Reserve Selection & Deployment Process Review

Issue modification: MISO currently does not consider the expected costs of deployment when clearing reserve products; rather, the availability offer is the only economic consideration. When deployed, reserve providers are eligible for Revenue Sufficiency Guarantee payments that cover start-up, hourly and incremental energy costs. This results in an inefficient selection of reserve providers. By factoring the expected costs of deployment into the scheduling process, MISO will reduce uplift costs without limiting the ability of high-commitment resources to participate in the market.

Initial issue description: Eliminate guarantee payments to deployed spinning reserves or consider expected deployment costs during clearing/selection of resources for spinning reserve.

Phase

E

Entities

Next Update

06/11/2020

Status

Closed

Priority

Low

Integrated Roadmap

Advisory Committee Priority

Improve market efficiency

Updates

06/09/2020

Updated priority to Low based on the 2020 Integrated Roadmap cycle. This issue is actively being worked on under the issue tracking ID MSC012 (linked in Related Pages). To avoid duplication, the issue status for IR021 has been changed to "Closed." MSC012 is expected to be completed by the end of 2020.

11/04/2019

All Parking Lot issues were voted on as part of the 2019 Integrated Roadmap prioritization process. Voted Low and remains in the Parking Lot.

11/29/2016

Moved to parking lot, low priority, not in Market Roadmap work plan.

06/01/2016

Updated information for the 2016 Market Roadmap ranking process.

01/19/2016

Added to issue tracking.