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Market Reports

The Altenex Market Report – Spring 2017: MISO Market Overview

The report is authored by the Edison Energy Supply Team: Emily Williams, Director of Supply; Mary Kate Francis, Energy Supply Associate; and Charley Hildt, Energy Supply Analyst.

This article is adapted from the Altenex Market Report – Spring 2017, a comprehensive assessment of the policy, technology, and pricing developments shaping the North American renewable energy market.

MISO Market Overview

About MISO: MISO coordinates the movement of electricity across all or parts of 15 U.S. states, largely in the corridor between Minnesota and Louisiana. MISO offers more than a decade of historical wholesale power price information that can be useful in evaluating power purchasing options in the region.

MISO at a Glance

As illustrated, wholesale power prices in MISO dipped down in 2016, but have since ticked upward. Prices are expected to continue to trend upward slowly in the near-term.   Around-the-clock pricing for MISO Minnesota Hub averaged $21.02/MWh in the past twelve months, and is expected to average $24.21/MWh in 2017, based on a combination of early 2017 prices and OTC power forwards as of late March 2017. Over 20 GW of power plants – primarily coal plants in northern MISO – are expected to retire from the MISO fleet by 2025. These retirements have the potential to increase prices. However, energy efficiency investments, particularly in MISO North, as well as a significant build-out of utility-scale wind and solar in the region, are expected to moderate this increase.

Monthly Historical & Futures Pricing at MISO Minnesota Hub

Customers in Minnesota can take advantage of a strong community solar program, which offers immediate savings on the subscriber’s monthly electric utility bill (see Supply and Policy Drivers section of report).

What are the advantages of signing a deal in MISO?
[Available only in the full report.]

What are the challenges of signing a deal in MISO?
[Available only in the full report.]

The report is available to Edison Energy clients and to select commercial, industrial and institutional entities, jointly referenced here as C&I buyers. To request a copy of the report, please contact Christen Blum, Edison Energy, at Christen.Blum@EdisonEnergy.com