Insight
MISO 2025 PRA. Higher prices and fluctuating accreditation
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Report summary
Results from MISO’s 2025 Planning Resource Auction (PRA) reveal a significant shift in the capacity market landscape driven by the implementation of the new Reliability-Based Demand Curve (RBDC) and changes in supply dynamics. The 2025 PRA yielded markedly higher clearing prices than in previous years, with the summer auction clearing at prices of $666.50/MW-day—a stark rise from prices of $30/MW-day in 2024.
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