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Enhancement of "Fast-First" AGC system to incorporate priority-based deployment of resources for regulation service.
Purpose:
Implementation of FERC order 755 achieved benefits from performance of existing resources but the market hasn't attracted better performing new resources. MISO identified opportunities to enhance AGC based regulation deployment system that will enable superior regulation service by utilizing fast ramping resources and improve overall efficiency of the market. Increased regulating reserve suppliers can potentially reduce production costs by freeing up traditional resources that are currently providing regulating reserve to provide energy and/or contingency reserves as well as freeing up stranded capacity on those resources due to regulation commitment. Meanwhile, the market can also benefit from better utilization of fast ramping resources and potentially improved reliability.
This issue was submitted by MISO in October 2014.
(formerly IR027)