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 this week said it will likely operate with almost no firm generating capacity to spare to manage typical summertime peaks.
MISO executives said the capacity market still needs fixing, warning that the surplus gained from last week’s auction is fleeting without long-term changes.
Falling natural gas prices and additional electric resources are among the bright spots in FERC’s Summer Energy Market and Electric Reliability Assessment.
MISO still doesn’t have enough justification to institute a minimum capacity obligation, FERC decided last week.
CAISO's Board of Governors approved a redesigned transmission plan that focuses on high-priority projects amid a crush of interconnection requests.
MISO players weighed the RTO’s recent moves to fortify resource adequacy, including seasonal capacity, accreditation approaches a downward-sloping demand curve.
MISO delivered an incomplete summer readiness report Thursday while stakeholders waited on seasonal capacity auction results.
The results of MISO’s inaugural seasonal capacity auctions, released late Wednesday, showed sufficient supply for the 2023/24 planning year.
CAISO says that 8,100 MW of new resources and California's record snowpack, which is expected to increase hydro generation by 72%, improve its summer forecast.
Study looks at severe weather scenarios based on historical data going back to 1950, finds manageable risks of supply shortfall.
Want more? Advanced Search