PCI Energy Solutions is well positioned and ready to help Midcontinent Independent System Operator (MISO) participants integrate their Electric Storage Resources (ESRs) into the market.
On Sept. 1, 2022, MISO introduced ESRs into its market portfolio for the first time, presenting MISO market participants with a whole new set of offer parameters specific to an ESR. The ESR introduction covers both ESR bidding and settlement participants, so participants can not only submit offers to the market, but the market will in turn include the ESR activity on the daily settlement statement.
“An ESR is both a bid and an offer rolled into one, so our software users must rethink how to enter, manage, and audit data used for offer calculations and submissions,” said Jeremy Pober, PCI’s senior product manager for RTO markets. “We’re ready to help our customers overcome any challenges they face as a result of the ESR introduction.”
Additionally, users who plan to participate in the market with ESR resources require updated PCI functionality to formulate and submit the ESR offers to the market. Existing and future users who plan to have an ESR also need PCI software support for the market settlement of battery resources.
As users begin to submit and settle the ESR resources, PCI gathers client feedback and continues to evolve the product to meet their changing needs, ensuring clients a user experience that’s constantly improving.
“We’ve put our customers in the driver’s seat to create this new workflow for ESRs in the MISO market so they can now successfully manage end-to-end workflows for ESRs,” Pober said. “Since changes are intuitively added into the PCI product, users can jump right in without worrying how they’ll figure out a new workflow for ESR resources.”
Visit the PCI blog to learn more about how PCI is helping clients with this major market change.