The Midcontinent Independent System Operator has declared a maximum generation emergency event for its central and north regions, driving up power prices with peakload forecast to jump. The step 1a event, in effect from 1 pm ET to 8 pm July 7, was upgraded from a maximum generation emergency alert and a maximum generation emergency warning previously issued by the ISO. The central and north regions also remain under conservative operations starting 1 pm July 6 until further notice. "The warning provides additional guidance to market participants on actions they can take to assist MISO during challenging operating conditions," MISO Spokeswoman Allison Bermudez said. "The previously issued hot weather alert, capacity advisory and conservative operations declaration also remain in effect for the north and central regions." A hot weather alert was issued July 1 and was later extended to last through July 10. A maximum generation capacity advisory went into effect at 8 am ET July 6 and remains in effect until further notice for the north and central regions, according to the ISO.
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