Resource Adequacy
Resource adequacy is the ability of electric grid operators to supply enough electricity at the right locations, using current capacity and reserves, to meet demand. It is expressed as the probability of an outage due to insufficient capacity.
Speakers at the Infocast California Energy Summit said the state’s grid reliability will be increasingly at risk if it doesn’t soon address resource adequacy planning.
The CAISO Board of Governors new imbalance conformance rules allow the ISO to account for errors in renewable energy forecasts.
A recent MISO study slightly overestimated actual capacity offers in the 2018/19 Planning Resource Auction.
The MISO Reliability Subcommittee’s resource availability and need effort could revive a discussion on developing a capacity market divided by season.
FERC Commissioner Robert Powelson said that he sees an “erosion of confidence” in RTO stakeholder processes.
FERC approved settlement agreements among CAISO, Pacific Gas and Electric and Calpine covering reliability-must-run contracts for three Northern California gas-fired plants, reducing the revenue they will receive and making them subject to a must-offer requirement.
ERCOT will have more breathing room as it prepares for record demand this summer after an additional 525MW of generation recently came online in Texas.
While MISO says it’s ready for a warmer-than-normal summer, officials cautioned that operators will likely lean on demand response (DR) resources to manage loads during the season.
The ERCOT Board of Directors rejected an appeal by small public power distributors seeking a proposed change to the definition of transmission owners.
FERC rejected the proposed CAISO Capacity Procurement Mechanism Risk-of-Retirement (CPM ROR) program.
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