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November 23, 2024

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.
Brattle Group
Virtual Power Plants Could Save Calif. $750M a Year, Study Says
California could significantly cut power costs through increased use of VPPs, according to the study by The Brattle Group and GridLab.  
InvictaHOG, Public Domain, via Wikimedia Commons
Everett LNG Contracts Face Skepticism in DPU Proceedings
Proposed supply agreements between Constellation and Massachusetts gas utilities which would keep the Everett Marine Terminal operating through 2030 are facing pushback from environmental organizations and the Attorney General’s Office.
Oklahoma Municipal Power Authority
SPP’s Proposed Capacity Accreditation Methods Draw Protests at FERC
SPP’s effort to impose capacity accreditation methodologies for thermal and renewable resources has drawn protests from public-interest and clean-energy groups at FERC.
© RTO Insider LLC
Bumps on the Road to Net Zero Highlighted at EPSA Summit
While their net-zero emission targets might not kick in until the 2030s, the power industry already is dealing with the issues they create, panelists said at the Electric Power Supply Association’s Competitive Power Summit.
EIA
EIA: Western Hydro Output Hit 22-year Low Last Year
Despite record winter precipitation in California, hydroelectric generation in the Western U.S. fell to a 22-year low in the 2022/23 water year, largely due to drought conditions in Washington and Oregon.
DOE
DOE Study Adds to Case for Interregional Offshore Grid
Offshore wind is projected to be a key part of East Coast states’ decarbonization and DOE called its two-year study the most thorough analysis to date.
Fluor
Texas PUC Establishes $5B Energy Fund
Texas regulators have adopted a new rule establishing the Texas Energy Fund In-ERCOT Generation Loan Program, a $5 billion fund designed to bring new dispatchable power projects to the state.
FERC, via Hitachi ABB Power Grids Velocity Suite
FERC: Markets Stable in 2023; Gas Continues to Dominate Mix
2023 began with a mild winter, setting the pace for a relatively quiet year in which natural gas and wholesale electricity prices dropped and the U.S. added a net 26 GW in generation capacity.
© RTO Insider LLC
MISO Members Doubt Severity of Long-term RA Alarm Bells
Multiple MISO members appeared skeptical at their quarterly meetings that the RTO is destined to face capacity shortfalls before the turn of the decade.
NERC
Counterflow: Hair (and Pants) on Fire

The Washington Post’s warning that “America is running out of power” lacks context and distracts us from the real work at hand, says columnist Steve Huntoon.


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