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.
The New York PSC approved a slight increase to the amount of reserve resources that load-serving entities must have available for the upcoming capability year.
MISO tried to quell unease over its intended capacity accreditation with a stakeholder workshop to show that its proposal lines up with a new report.
FERC released its State of the Market report, which showed some of the highest natural gas and power prices in years.
PJM stakeholders appeared split over proposals to delay the RTO’s capacity auctions to include market rule changes being considered by the Board of Managers.
CEO Sarah Edmonds would like to see the WRAP become “binding” on its participants as soon as possible, but making that transition could still be years away.
The likelihood of a sloped demand curve in MISO’s capacity market earned seals of approval from panelists at GCPA’s 9th Annual MISO/SPP Regional Conference.
ERCOT says it will have almost 100 GW of seasonally rated capacity available to meet demand this spring, assuming normal weather and outages.
Average PJM LMPs doubled to a record-high $80/MWh last year, driven mostly by coal and natural gas prices, the RTO’s Independent Market Monitor reported.
While utility commissioners are concerned about variable generation when it comes to resource adequacy, it’s extreme weather that’s keeping them up at night.
The NCUC chair consumer advocate faced lawmakers' questions on the state's first-ever rotating outages stemming from a December storm.
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