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HIGHLIGHTS: MISO Capacity Market: 2025/26 PRA Results

Our latest MISO Policy Note summarizes key auction results—most notably, a sharp rise in summer clearing prices to $666.50/MW-Day across the RTO, more than 20 times higher than last year’s level—along with significant annual price increases in the North/Central and South regions.

We explore the key drivers behind this spike and how the new sloped demand curve and tightening capacity surplus will impact the market. Our analysis includes revenue comparisons across technology types and an updated reserve margin figure.

Download now to access the report highlights! If you have any questions or would like access to the full subscriber-only Policy Note, please contact JT Wood.

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