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.
MISO expects a chance for an emergency every month this fall, with the possibility of burning through the entirety of its emergency resource reserves.
ERCOT's final resource adequacy assessment for the fall indicates it has sufficient installed generating capacity to meet peak demand under extreme conditions.
Stakeholders discussed methodology behind NYISO's straw proposal on capacity accreditation as the grid and energy market adapt to a diverse resource mix.
The CEC predicted a massive rollout of storage resources through 2026 that should negate the need for more gas generation, absent problems.
MISO's Trevor Hines told attendees at a webinar that the RTO is still identifying and working through lessons from the February winter storm.
The Northwest Power Pool will have to restructure its governance to obtain FERC approval for its proposed resource adequacy program, representatives said.
The Texas PUC began hearings over ERCOT's request for a pair of debt-obligation orders to finance $2.9 billion incurred during the February winter storm.
The California Energy Commission decided to issue emergency licenses for gas generators of 10 MW or more as the state faces up to a 3,500 MW shortfall.
PJM stakeholders unanimously endorsed the 2021 reserve requirement study but requested more modeling on the impacts of extreme weather conditions.
The ERCOT Board of Directors agreed to approve the 2022-2023 biennial budget and to keep the administrative fee at its current rate.
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