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A Better Way Of Paying For A Reliable Electricity Grid

February 23, 2023

Last spring, the Midcontinent Independent System Operator (MISO), which operates the electricity grid serving 45 million people across the central United States, found out it was at a higher risk of power outages than it believed. The result, as I explain below, was skyrocketing electricity bills for thousands of people. To avoid similar outcomes in the future, MISO and its stakeholder community went into problem-solving mode.

MISO has historically attempted to ensure reliability of the electricity grid by operating a capacity market, through which “energy resources” such as power plants, wind farms, and energy efficiency or demand response programs get paid for their commitment to deliver electricity in the future.

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