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Capacity Market Dynamics and Reforms in MISO

By April 3, 2025North America, MISO

This report explores the following topics:

  • Historical Planning Resource Auction (PRA) performance:
    • How has MISO’s Capacity Market performed historically, and what signals do PRA outcomes tell developers for future assets?
  • MISO’s Reliability-Based Demand Curve (RBDC):
    • How will changing from a vertical demand curve to a sloped demand curve influence PRA clearing prices?
    • What impact will the new RBDC Opt-Out provision have on PRA participation and the ability to contract capacity with utilities?
  • Direct Loss of Load (DLOL) capacity accreditation methodology:
    • How will DLOL accreditation alter Capacity Market revenues for renewable assets?
    • Which regions present the strongest opportunity for renewable energy development post-DLOL reform?

 
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