The Commission issued an order, granting the waiver request for temporary suspension until September 1, 2021 of the effective date for the emergency pricing Tariff provisions accepted by the Commission’s April 30 Order with an effective date of June 1, 2021.
MISO submitted a petition for limited waiver requesting a temporary suspension of the effectiveness of the Tariff revisions accepted in the April 30 Order regarding the emergency pricing construct. MISO is requesting a new effective date of September 1, 2021.
MISO has published a Scarcity Pricing Evaluation Paper. The paper is posted with May MSC meeting materials and on the Issue Tracking tool under IR071. The Scarcity Pricing Evaluation paper provides detailed analysis of pricing issues and enhancements. During the May MSC MISO discussed that Operating Reserve Demand Curve requires alignment with recent changes to Emergency Pricing and the implementation of Short-Term Reserves. MISO plans to file to disable Offline Fast Start Pricing until system issues can be addressed(and IMM recommendation).
The Commission issued an order accepting the proposed Tariff revisions to implement changes to MISO’s Emergency Pricing Construct, effective June 1, 2021, as requested.
MISO amended the filing on February 12, 2021. FERC did not issue an order as requested by April 1, 2021. Implementation is anticipated in August 2021 with revised effective date.
MISO submitted proposed revisions to its Tariff necessary to implement changes to MISO’s Emergency Pricing Construct.
Tariff redline and Conceptual Design documents posted on issue page.
Stakeholder Feedback was reviewed and final design details were presented at the MSC. Tariff Redlines and Conceptual Design will be posted soon. FERC filing is anticipated by end of year.
Presented the final design details and draft Tariff redlines. A FERC filing is anticipated mid December 2020. Stakeholder Feedback requested on Tariff redlines.
Continued discussion on design details and benefits of emergency pricing enhancements. Final proposals and Emergency Pricing Conceptual Design is to be presented at November MSC. FERC filing is anticipated by December 2020.
Began discussion on key design details of emergency pricing enhancements. Three proposed enhancements were presented. Feedback was requested. Assessment of uplift impacts and cost/benefit analysis to be presented at the October Market Subcommittee. FERC filing anticipated in December 2020.
Discussed proposal based on feedback at the MSC and moved to Conceptual Design. Evaluation Whitepaper expected to post in September. More discussion at the September MSC. A filing is anticipated December 2020.
Discussed Emergency Pricing analysis and enhancement proposals at the Market Subcommittee. Stakeholder feedback requested on recommendations. Next update at August Market Subcommittee.
Updated priority to High based on the 2020 Integrated Roadmap cycle. Added Concept Design and FERC filing phases to the timeline with anticipated FERC filing in December 2020.
Presented at the Market Subcommittee. Stakeholder feedback and MISO's responses was reviewed. Next update at the June Market Subcommittee.
Presentation to the Market Subcommittee. Stakeholder feedback requested and will be reviewed at the next presentation.
Added to the Active Work plan and given a Low priority as part of the 2019 Integrated Roadmap prioritization. Frame and Evaluate phases added to the first half of 2020 before detailing a complete development schedule.
New Integrated Roadmap candidate.