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November 6, 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.
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SPP Board/Members Committee Briefs: April 25, 2023
SPP members and its board have embraced an advisory group’s report on a fast-approach future grid and directing work to address the group’s recommendations.
NYISO
NYISO Proposes 48 Market Projects for 2024
NYISO presented the Budget and Priorities Working Group with 48 market projects that it is proposing to be included in its 2024 budget.
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FERC Approves SPP’s Resource Adequacy Changes
FERC has approved SPP tariff revisions of resource adequacy requirements that would provide LREs with an alternative approach to deficiency payments.
NYISO Study to Examine Future Winter Security Risks
An upcoming fuel and energy security study will examine the combined impacts of electric generation trends and extended cold snaps on NYISO system reliability.
NYISO
NYISO Operating Committee Briefs: April 20, 2023
NYISO updated the Operating Committee about forecasted summer conditions, assessing that margins are declining over time as NYISO transitions to clean energy.
General Electric
FERC Rejects SPP Self-funding Proposal for TOs
FERC has rejected SPP tariff revisions that would help transmission owners continue to self-fund network upgrades to interconnect generators.
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FERC Terminates MISO Show-cause Order
FERC approved MISO’s reworked ratio for use in its capacity auction a day before MISO began accepting offers on the postponed auction.
SPP
SPP MOPC Briefs: April 10-11, 2023
SPP staff and stakeholders spent much of last week’s virtual Markets and Operations Policy Committee meeting discussing resource adequacy.
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MISO Unveils New Seasonal Auction Timeline, Ratio
MISO will fire up its capacity auction machinery beginning April 18 after it was forced to delay the auction last month on a FERC order.
ISO-NE
Gas Volatility Leads ISO-NE to Seek Update to Inventoried Energy Program
ISO-NE is seeking changes to the program to attract sufficient LNG in light of higher volatility in global prices than when FERC initially approved it in 2020.

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