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To meet MISO's policy goals, it will be important to unlock and enable the benefits of intra- and inter-regional High Voltage Direct Current (HVDC) transmission.
MISO should provide more clarity around HVDC market operations and the incorporation of HVDC into transmission planning processes that would help “bottom-up” HVDC development as part of efficient regional and interregional transmission planning. To better inform its “top-down” transmission planning processes, MISO and stakeholders should work together to establish rules for Energy, Operating Reserves, and other ancillary services market participation by HVDC-enabled resources. HVDC-enabled resources can serve end-users directly, akin to BTMG; and they can serve Network Load from their network interconnection points. MISO already has market participation and settlement rules for BTMG and network interconnected resources, which should greatly facilitate the (clarification) work on these rules. Thus, the more substantive work could focus on incorporating HVDC operations into MISO’s SCUC and SCED and related operating processes. That work, in turn, could be limited to issues not already worked out for HVDC and External Asynchronous Resources operations. Work clarifying HVDC energy and ancillary services market participation should begin no later than January 2025.
This issue is initially assigned to the Market Subcommittee (MSC) and may later need to be assigned to other groups as determined by the Steering Committee (SC).