As new information becomes available, our views may evolve, and we will update the analysis as appropriate. This post-auction analysis is based on currently available information. We conclude by assessing whether the auction results are anomalous or indicative of deeper resource adequacy trends in MISO. This article explains this outcome, as well as other key results, such as bidding behavior, import dynamics, and the resource mix that cleared the auction. In MISO North, prices ended up reaching the price cap, or the Cost of New Entry (CONE) of $237/MW-day, whereas MISO South cleared separately at $2.9/MW-day. While the second and third of these predictions were borne out by the auction results, the first prediction did not capture the extent of the price increase in MISO North.
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