The February 2024 report by MISO, titled “MISO Region Reliability Imperative,” highlights the urgent and complex challenges to electric system reliability in the MISO region, driven by a rapidly transforming energy landscape. John Bear, CEO of MISO, emphasizes the need for increased urgency and collaboration among utilities, states, and MISO to address these challenges, especially given the significant fleet changes and the move towards decarbonization.
Key points from the report include:
- The electric industry faces a “hyper-complex risk environment,” with significant challenges including fleet change, regulations, policies, investment criteria, fuel assurance, extreme weather events, load additions, incremental load growth, and supply chain and permitting issues.
- MISO’s response to the Reliability Imperative consists of interconnected initiatives organized into four primary pillars: Market Redefinition, Operations of the Future, Transmission Evolution, and System Enhancements.
- The report documents MISO’s progress under the Reliability Imperative, including the adoption of a Seasonal Resource Adequacy Construct, approval of LRTP Tranche 1, the introduction of a Reliability-Based Demand Curve, and a refresh of the MISO Futures scenarios.
- MISO emphasizes the importance of continued stakeholder input and the need for all parties to act with greater urgency and coordination to maintain electric reliability in the face of these challenges.
The report serves as a living document, updated periodically to reflect the evolving conditions and the collective efforts to ensure the reliability of the electric grid in the MISO region.
Read more from the report of Miso’s Response to the Reliability Imperative.