Bringing Value to the Heartland
Study shows that Midwest ISO provides between $700 and $900 million in annual economic benefits to its region.
Midwest ISO Value Proposition study calculates the value provided through improved grid reliability and increased efficiencies in the use of generation resources enabled by the Midwest ISO market operations. For 2009, these efforts provide the Midwest ISO region with net benefits of between $700 and $900 million. Over the next ten years, the region will receive between $5.5 and $7.1 billion in benefits on a net present value basis.
The study also identified additional potential annual benefits of between $525 and $660 million from the deferral of generation investment. However, these benefits are dependent on either future load growth from the recovering economy or generation loss from factors such as increasing environmental restrictions.
In addition to quantitative benefits, Midwest ISO has demonstrated the following significant qualitative benefits: price transparency, planning coordination, regulatory compliance and wholesale platforms that integrate larger quantities of renewable energies like wind and solar.
Benefits of the Midwest ISO by Value Driver
Roll over the benefit name to view the benefit description
Benefit by Value Driver ($ in millions)
Input Wanted
Midwest ISO Value Proposition is based upon studies undertaken by several entities. If you have a question about information presented or the method used to arrive at a conclusion, we would like to hear from you. Please send your questions, comments, suggestions, or information to us at ValueProposition@midwestiso.org. We appreciate your time and look forward to hearing from you!
|