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Why Should Retail Customers Care About the MISO Market? WIEG Board Meeting November 8, 2007

Why Should Retail Customers Care About the MISO Market? WIEG Board Meeting November 8, 2007. Submitted by: Kavita Maini, Principal KM Energy Consulting, LLC. Midwest Independent System Operator (MISO).

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Why Should Retail Customers Care About the MISO Market? WIEG Board Meeting November 8, 2007

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  1. Why Should Retail Customers Care About the MISO Market? WIEG Board Meeting November 8, 2007 Submitted by: Kavita Maini, Principal KM Energy Consulting, LLC

  2. Midwest Independent System Operator (MISO) • MISO and other Independent System Operators - A result of the Federal Energy Regulatory Commission’s (FERC) Orders and Energy policy Act of 1992 to create a robust, competitive interstate wholesale market for electricity in the hope that a more efficient use of generation and transmission resources will reduce prices paid by electricity consumers

  3. Regional Transmission Organizations (RTOs/Independent System Operators (ISOs)

  4. Regional Reliability Organizations

  5. Size Matters in More Ways than One! • Non Profit • Ensure Reliability • Price Transparency Source: MISO

  6. Grey Areas Between Wholesale & Retail RETAIL WHOLESALE 1.Reserve Margins 2.Fuel Rules 3.Transmission Exp. 4.Interruptible Rates 5. Socialized /admin. costs State Commissions FERC RROs, ISOs Utilities RRO= Regional Reliability Organizations ISO = Independent System Operator

  7. Objectives of WIEG Participation at MISO • Cost avoidance – MISO’s mission • User friendly provisions and equitable compensation for demand response – Impact on legacy interruptible rates • Effective competition – Market power/impact on energy prices • Proper cost allocation – Demand vs. Energy • Cost minimization – Socialization of costs associated with market operations, administration costs

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