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.
ERCOT is analyzing information from generators that were forced offline during the December winter storm to better understand why thermal outages were an issue.
SPP’s MOPC approved two revision requests related to resource adequacy requirements that members had set aside during its meeting earlier this month.
SPP and MISO plan to apply for grants from the Department of Energy to help fund five transmission projects recently identified in their JTIQ work.
NYISO presented its anticipated schedules for its Installed Capacity market, energy market and new resource integration projects for this year.
Less than a year after it got permission to debut a new availability-based accreditation, MISO is proposing to reformulate how it accredits its resources.
MISO told stakeholders that it is not yet able to make “quantifiable conclusions” about the amount of capacity available for the 2023-24 planning year.
Texas regulators narrowed their focus to the performance credit mechanism but disappointed some by not voting to recommend the market mechanism to lawmakers.
While fuel inventories fell during last month’s winter storm, PJM’s Brian Fitzpatrick told the Operating Committee that they are on track to recover.
PJM expects to issue at least $1 billion in penalties over generation outages in December, when plummeting temperatures stretched the region to its limits.
ERCOT survived a record-breaking summer and a pre-Christmas winter storm, but now it must gain lawmakers' approval of a new market design.
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