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.
FERC OK'd CAISO tariff revisions intended to prevent the kind of supply shortages that triggered rolling blackouts in California last summer.
ISO-NE said it should have the resources necessary this summer to meet demand during average and above-average temperatures.
A FERC technical conference brought together a group of New England regulators, ISO-NE executives and the chair of the NEPOOL Participants Committee.
MISO has expanded its availability-based capacity accreditation proposal for generation resources by including hours that aren’t so risky.
The CPUC proposed requiring electric providers to procure 11.5 GW of new resources between 2023 and 2026 to meet the state’s reliability needs.
Extreme heat and drought conditions are a major cause for concern in the Western Interconnection, according to FERC’s summer assessment.
SPP said it expects normal conditions and no extreme operation situations within its balancing authority and reliability coordinator footprints this summer.
California could experience capacity shortfalls this summer during severe heat because of limited imports and low hydroelectric production, CAISO said.
MISO said its markets will need renovation as it braces for systems rife with renewables and extreme weather uncertainty.
PJM defended its handling of Dominion Energy’s decision to opt out of the May 19 capacity auction, asking FERC to reject a complaint by LS Power.
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