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.
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.
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
