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.
The California PUC ordered an additional 11.5 GW of procurement by mid-decade but backpedaled on a plan to include up to 1,500 MW of fossil fuel generation in the mix.
The Public Utilities Commission of Nevada said a Western market would help alleviate supply shortfalls like those that occurred last August.
MISO execs say long-term transmission and a capacity market redesign are a must in response to rising climate risks and fleet change.
Matthew T Rader, CC BY-SA 4.0, via Wikimedia Commons
ERCOT insiders at ACORE's Finance Forum spoke candidly on the causes and lessons learned from Texas' February outages.
ERCOT asked for conservation measures through Friday as summer heat and 12.2 GW of forced outages erased whatever slim reserve margin it had.
MISO and the Organization of MISO States said things are looking up in their annual resource adequacy assessment.
The MISO Market Subcommittee meeting ran the gamut of storage participation, discovery of a longstanding energy pricing error and FTR underfunding.
MISO concluded that its current suite of resource adequacy tools, and the in-progress projects it is working on, enable it to cope with extreme cold snaps.
Panelists told FERC at a virtual technical conference that considering how climate change may affect the future grid is especially challenging.
The Texas Reliability Entity’s director of reliability services said that renewable energy will be crucial if the state is to survive another brutal summer.
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