The North American Power Market is a vast and intricate network that involves a mix of power generation sources, such as coal, natural gas, nuclear, and renewables such as wind, solar, and hydroelectricity. What makes this market unique is the integration of multiple regional grids, each with its own set of regulations and policies, resulting in a diverse energy landscape. Recent attention has been given to controlling energy costs and transitioning towards cleaner, more sustainable sources of power through initiatives like the Inflation Reduction Act (IRA), while the market’s complexity is also influenced by differing political approaches and regulations across various jurisdictions.
Our Power & Renewables Market Service will help you make sense of this fragmented and disjointed power market landscape through comprehensive and consistent coverage.
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The MISO (Midcontinent Independent System Operator)
Covering: Arkansas | Illinois | Indiana | Iowa | Louisiana | Michigan | Minnesota | Mississippi | Missouri | Montana | North Dakota | South Dakota | Texas (only a small part) | Wisconsin
This power market operates as a de-regulated energy and capacity market, serving a large geographical area in the middle of the continent. It stands as the second largest Independent System Operator (ISO) in the United States, efficiently catering to a substantial load with varying weather and demand characteristics. The region’s energy mix heavily relies on natural gas and coal, while also experiencing increasing wind resources and a thriving solar sector. Our Power & Renewables Market Service helps navigate this intricate landscape, providing insights into market trends, policy shifts, and technological advancements that shape the market’s trajectory.
In recent times, the MISO market has undergone policy reforms, particularly in capacity auctioning, accreditation, and interconnection queue management, aimed at enhancing market efficiency and grid reliability. While these reforms take time to be fully enacted, MISO’s energy transition is influenced by a mixed political environment across states, resulting in varying levels of support for renewable energy sources vis-à-vis conventional thermal sources.
Our subscription provides timely policy analyses, data-driven insights and expert perspectives to empower stakeholders within the MISO landscape to make well-informed decisions aligned with their strategic goals.
Despite the potential for renewable energy expansion, transmission bottlenecks remain a challenge, highlighting the need to identify the most attractive regions for further development. These challenges and opportunities shape the dynamics of the MISO power market as it strives for a sustainable and diversified energy future.
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The WECC (Western Electricity Coordinating Council or the Western Interconnection)
Covering: Alaska | Arizona | *California | Colorado | Idaho | Montana | Nevada | New Mexico | Oregon | Utah | Washington | Wyoming | *Alberta | *British Columbia
*Available in our CAISO and AIES products
The WECC includes 38 interconnected balancing authority areas that serve over 80 million customers. The WECC boasts a diverse renewable resource mix, relying on hydro in the Pacific Northwest, onshore wind in the Rockies, and solar power coupled with energy storage in the Desert Southwest.
Unlike some other markets, the deregulated WECC power market lacks significant investment signals. Development is primarily driven by balancing authority demand, which is heavily influenced by various factors such as policy decisions, retirement of existing infrastructure, and the establishment of new energy facilities. Our Power & Renewables Market Service helps you identify the significant opportunities that arise from these fluctuating developments.
Aligning these development plans with network availability, long-term procurement targets, and an evolving market environment with proposals for western regionalization through CAISO’s Extended Day Ahead Market, and SPP’s Markets presents a complex challenge. The intricacies of coordinating and integrating new projects into the existing grid infrastructure require careful planning and coordination between stakeholders.
Despite these complexities, the WECC holds significant potential for growth and innovation as it continues to leverage its diverse and abundant resources to meet the region’s energy demands sustainably and efficiently.
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AIES (Alberta Interconnected Electric System)
Covering: Alberta
This energy-only power market relies primarily on natural gas generation but has seen significant growth in wind capacity. Both provincial and federal policies support the expansion of renewable energy, promoting a shift towards cleaner energy alternatives.
However, the policy landscape for renewable energy in Alberta is fast-changing, requiring adaptability from industry players to navigate the evolving regulatory environment effectively. As the market faces high price volatility, electricity costs are impacted by fluctuating supply and demand factors. Our price forecasts will help you anticipate and manage these fluctuations enabling you to make informed decisions about energy production and investment strategies.
Despite these difficulties, this market offers promising opportunities for increased penetration of wind and solar. The province continues to work towards a balanced approach that meets energy demands, manages price fluctuations, and advances its reliability and sustainability objectives.
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James DeCunzo
Commercial Associate
Helping you make sense of fragmented and disjointed power market landscapes
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