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MISO covers all or parts of 15 U.S. states: Arkansas, Illinois, Indiana, Iowa, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, North Dakota, South Dakota, Texas and Wisconsin. It also includes the Canadian province of Manitoba.
MISO impacts energy prices by managing the supply and demand dynamics in its region. Increased wind generation within MISO has led to lower wholesale electricity prices due to the low operational costs of wind energy.
MISO balances supply and demand through a combination of real-time and day-ahead energy markets, demand forecasting and resource planning.
They use advanced software to monitor grid conditions and adjust power flows as needed. MISO also coordinates with power plants to ensure enough generation capacity is available to meet demand, and manages the import and export of electricity to maintain grid stability.
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