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.
A forecasting error is prompting CAISO to procure a large volume of out-of-market resources for September under a special measure.
NYISO experienced a peak load of 31,293 MW on July 2, the highest demand so far this summer but falling far short of the all-time peak of 33,956 MW.
A high-pressure system that has swamped much of Texas with triple-digit temperatures has led to all-time systemwide peak records in ERCOT.
PJM rolled out a proposal to procure reserves on a more granular level, a move the RTO hopes will shift more generator revenues back into the energy market.
ERCOT set new all-time systemwide peak demand records July 18, reaching 72.2 GW between 4 and 5 p.m.
PJM faced several high load forecasts and hot weather alerts last month but never had to take emergency procedures, the Operating Committee learned.
At last week's MISO Resource Adequacy Subcommittee meeting, staff reviewed how capacity import limits can bind in the RTO's annual capacity auction.
ERCOT is leaving significant amounts of money on the table by not using real-time co-optimization of energy and ancillary services in its market operations.
FERC denied ISO-NE’s request for a Tariff waiver to keep Exelon’s Mystic plant running, instead ordering the RTO to allow cost-of-service agreements.
The ERCOT system set a new record for June peak demand last week, reaching 69 GW on June 27.
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