Capacity Watch™ MISO

MISO Capacity Forecast and Interconnection Queue Tracking

ESAI provides updates on supply & demand fundamentals, market rule developments, & policy changes that impact MISO capacity market outcomes. This service includes:

1. Pre-Auction Briefing on the 2026/27 PRA

2. Briefing (PowerPoint) summarizing recent developments related to the MISO RA market

Auction results
Updated Capacity Price forecast
FERC filings and rule changes
Stakeholder discussions

Market Analysis reports offering an in-depth 10-year supply and demand forecast on the MISO Capacity market.

3. MISO PRA forecast update

10-year supply and demand outlook
PRA price forecast
Detailed update to the 2026/27 PRA outlook in advance of the auction, including uncertainties from the seasonal auction and accreditation rules if approved for that auction.
Post Auction Briefing

4. MISO Generation Asset Monitor with New Capacity and Retirement Data

Includes milestones for development projects in the queue, changes in status, and ESAI’s assessment of the probability of completion in % terms.

5. Annual Market Briefing And Update

Analyst Access

Subscribers have access to ESAI’s analyst team for research clarifications, decision support, and responses to additional ad hoc requests as they arise. Examples of the types of requests include:

Comments on FERC filings, complaints, or orders.
Discussion about MISO capacity procurement strategies.
Discussion of any specific risk factors or uncertainty affecting company decisions.
Additional market updates and presentations to senior executives.

ESAI Power’s Capacity Watch™ for MISO is available as part of our Benchmark Energy Research™.

Download our Capacity Watch™ MISO brochure

Midcontinent ISO (MISO)

ESAI Power provides quarterly updates on Midcontinent Independent System Operator (MISO)’s capacity market, including supply and demand fundamentals, policy changes, pre-auction briefings, 10-year PRA forecasts, and new generation and retirement data.

MISO is a not-for-profit, member-based organization that operates the power grid across 15 U.S. states and Manitoba, serving over 42 million people with 186,986 MW of market capacity across 72,000 miles of transmission lines. In addition to grid management, MISO oversees electricity markets and collaborates with stakeholders to plan future infrastructure. Subscribers also receive access to ESAI’s analyst team and insights on other major U.S. markets, including ISO-NE, NYISO, and PJM.

Read Our Capacity Watch™ Blog Posts

Read our Capacity Watch™ blog posts to get the latest news about the capacity markets and policy issues that impact capacity price outcomes in the PJM, NYISO, ISO-NE, & MISO power markets.

PJM Capacity Auctions Current and Future Schedule | Capacity Watch Blog

June 13, 2025

The PJM BRA for delivery year 2026/27 will take place in a few weeks. PJM is scheduled to open the offer window for the 2026/27 BRA on July 9th, 2025, for market participants. The Capacity auction window will close on July 16th, and PJM plans to post the auction results on July 22nd. The subsequent PJM Capacity Auction is scheduled in December. PJM is scheduled to open the offer window for 2027/28 BRA on December 4th for market participants. The auction window closes on December 10th, and PJM will post auction results on December 17th, 2025.

MISO Capacity Market Update | Capacity Watch Blog

January 16, 2025

MISO released its seasonal preliminary PRA report yesterday, January 15, 2025. This update includes preliminary PRA Data posting for Summer 2025, Fall 2025, Winter 2025/26 and Spring 2026. The data includes PRMR, LCR, and Total Installed Capacity (ICAP). ESAI Power’s latest MISO Capacity report and forecast include updates on the Summer Peak forecast for 2025, how data center demand is impacting prices, details on scheduled and at-risk retirements, implementation of RBDC, and what market drivers will impact both the 2025/26 PRA and price outcomes over the next 10 years.

MISO Interconnection Queue Update I Generation Asset Monitor Blog

November 19, 2024

This update provides a high-level overview of our recently published MISO Generation Asset Monitor (GAM) report and database for November, 2024. The MISO GAM tracks the Interconnection queue in MISO for additions, forecasts plant retirements and plants deemed at risk of retirement, and provides an outlook for the timeline of renewable generation projects in MISO.

NYISO Capacity Price Forecast Winter 2024-25 | Capacity Watch Blog

September 27, 2024

The NYISO Winter Strip Auction window opened today, starting a series of critical events in the NYISO Winter Capability Period for 2024/25. The New York Independent System Operator (NYISO) manages the state of New York’s energy needs, ensuring a reliable power supply during the colder months. This blog post will delve into some details of the NYISO Installed Capacity Market for the Winter 2024/25 season, shedding light on auction schedules, clearing price volatility, and notable changes compared to the previous winter.

MISO PRA Scheduled to Start March 26th | Capacity Watch Blog

March 20, 2024

ESAI brings 20 years of experience analyzing and forecasting the Capacity Markets in PJM, ISO-NE and NYISO, into our new Capacity coverage of MISO. ESAI also maintains a MISO Energy Asset Database (Delivered to subscribers in excel) that tracks the MISO Interconnection queue to forecast Renewables Additions that produces a Probability Weighted Renewable Additions forecast, any Fossil Additions, and also any plant Retirements or forecasting plants at risk of retirement.

PJM Load Forecast Update | February 2024 | Energy Watch Blog

February 20, 2024

ESAI Power's latest Energy Watch market update includes our current 10-year power and natural gas price forecast across PJM, NYISO and ISO-NE. The update also includes our natural gas price forecast, based on our fundamental long-term view, along with forward market prices for the initial years. This blog post will delve into the critical details behind our near-term and long-term 10-year energy market forecast for ISO-New England.

ISO-NE FCA18 Auction Dynamics and Capacity Price Forecast | Capacity Watch Blog

January 23, 2024

In ESAI’s latest Capacity Watch report, we analyze ISO-NE FCA18, Forward Capacity Auction. ESAI's coverage includes auction parameters, qualified capacity, and expected auction dynamics. These are all detailed in our Capacity Watch report.

ISO-NE Forward Capacity Auction Forecast Track Record

November 27, 2023

Generation owners and their investors are placing big bets (often in the hundreds of millions of dollars) in the ISO-New England Capacity Market. As Mark Christie, FERC Commissioner, put it in March 2023: “Capacity Markets are characterized by such hopeless complexity and impenetrable opacity that they represent the example of a game that only insiders can play and win.”

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Capacity Watch™ MISO

MISO Capacity Forecast and Interconnection Queue Tracking

Analyst Access

Download our Capacity Watch™ MISO brochure

Midcontinent ISO (MISO)

Read Our Capacity Watch™ Blog Posts

PJM Capacity Auctions Current and Future Schedule | Capacity Watch Blog

MISO Capacity Market Update | Capacity Watch Blog

MISO Interconnection Queue Update I Generation Asset Monitor Blog

NYISO Capacity Price Forecast Winter 2024-25 | Capacity Watch Blog

MISO PRA Scheduled to Start March 26th | Capacity Watch Blog

PJM Load Forecast Update | February 2024 | Energy Watch Blog

ISO-NE FCA18 Auction Dynamics and Capacity Price Forecast | Capacity Watch Blog

Top ESAI Power Blog Posts for 2023

ISO-NE Forward Capacity Auction Forecast Track Record

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