Anticipating Impacts on the MISO Energy Market with the help of Innotap Software
The Midcontinent Independent System Operator (MISO) energy market covers electric power delivery across all or parts of 15 U.S. states and the Canadian province of Manitoba. While the opportunities for energy traders are obvious, identifying, prioritizing, understanding and then acting on the changes to this massive energy market in real time requires highly sophisticated market decision support software from Innotap.
As one of the world’s leading Regional Transmission Organizations and the largest geographical organization of its kind, MISO directly impacts billions of dollars in benefits to the region as it expands and refines its smart grid approach. MISO energy prices have a significant effect on a huge region of the United States. Overlaying these and other changes within the MISO energy market are the broader changes taking place through the ongoing and evolving MISO and PJM Interconnection.
Historical data, load forecasts and educated estimates about the demand on energy consumption only tell part of the story when it comes to gauging the opportunities and risks. It takes highly advanced software from Innotap that is capable of providing the latest data in a customizable way so that traders can minimize risks and maximize rewards with each twist and turn of the market.