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, commited to moving forward, said it plans to refile a plan to create external capacity resource zones with FERC by the end of the month.
MISO laid out how it will tackle changing resource availability and needs in its footprint ahead of the release of a white paper on the issue.
ERCOT executives said that system generation has overperformed during the summer, helping the grid operator meet demand during July’s record heat.
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.
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