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The Midwest Independent Transmission System Operator (MISO), the organization that operates the bulk power grid in the Midwest, has completed its first voluntary annual capacity auction, which recently replaced MISO's monthly auction process.

A total of 97,206 MW of planning resources were cleared to meet the MISO-footprint resource adequacy requirements. This volume includes 90,711 MW of generation resources, 3,103 MW of demand response resources, and 3,393 MW of behind-the-meter generation resources.

The system wide clearing price for the 2013-2014 planning year was $1.05 per megawatt-day. The auction covers the annual commitment period from June 2013 to May 2014.

"The new annual capacity auction provides greater certainty and ensures sufficient resources will be available to meet peak demand, demonstrating how markets facilitate meeting the region's electricity needs reliably and cost-effectively," says Richard Doying, executive vice president of operations and corporate services.

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