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.
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
MISO said its markets will need renovation as it braces for systems rife with renewables and extreme weather uncertainty.
Beth Garza and Peter Cramton briefed the NECA on lessons Northeastern stakeholders could take from ERCOT's experience during the February winter storm.
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.
MISO said it will attempt at a long-term resource forecast, taking into account members' evolving resource mix over a 20-year timeframe.
Western states must work more closely to prevent capacity shortfalls and the type of energy crisis that roiled the region 20 years ago.
ERCOT worked to ease anxieties in the Texas media after releasing a pair of resource adequacy reports that show it has healthy reserve margins this summer.
CAISO has launched a new stakeholder initiative to foster the connection of large amounts of energy storage in the coming years.
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