MISO Dashboard

Recently, because of Hurricane Laura (8/27/2020), certain MISO market prices were set to the Value of Lost Load. This raises the question of whether setting MISO market prices to VOLL in an area experiencing a capacity shortfall because of a natural disaster is the best option.

Review and modify as necessary when MISO market prices are set to the Value of Lost Load. In particular, consider whether to set MISO market prices to VOLL in the case of a capacity shortfall should depend on the cause of the shortfall (e.g., natural disaster).