Vectren´s Experience with Operating Genco Assets in MISO Market

This paper summarizes Vectren´s experience with operating generation assets in the MISO Day-2 market. The paper will address the following topics: ■ Forecasting day-ahead loads and LMPs ■ Evaluation of day-ahead bidding strategies ■ Reviewing offer data to make sure that they pass market-mitigation tests ■ Developing strategies for deciding when to offer units as must run vs. economic. ■ Post-analyzing day-ahead strategies to check whether SCUC schedules are optimal for Vectren ■ Formulating methods for pricing combustion turbines ■ Working with RTO to resolve problems with real-time dispatch, causing LMP oscillations and large LMP spikes ■ Management of settlement disputes