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.
FERC staff said the grid seems well positioned to weather the cold months. However, rising demand is expected to drive gas prices higher than last year’s.
MISO expects to easily navigate normal winter conditions with its firm supply but said a worst-case winter storm in January could exhaust emergency reserves.
SPP staff have chosen a hybrid approach to improve its transmission and congestion-hedging markets, focusing on equitably allocating congestion rights first.
The WPP's future independent board will include the previous PJM CEO, a former member of WEIM's Governing Body and WPP’s present board chair, among others.
ISO-NE is proposing changes to its winter fuel security plan to answer a court order and account for the swirling global natural gas markets.
MISO assured stakeholders that it has the means to study the 170 GW worth of new generation interconnection requests that officially queued up last month.
The Western Markets Exploratory Group made a rare public presentation at CREPC-WIRAB of its behind-the-scenes work evaluating market options for the West.
Stakeholders are seeking a FERC rehearing of MISO’s seasonal auction design, while the RTO wants it to reconsider its minimum capacity obligation.
Commissioners Mark Christie and James Danly addressed the pros and cons of the West’s pursuit of greater market coordination at the fall CREPC-WIRAB meeting.
ERCOT staff and regulators agreed that the electricity and gas industries are adding weatherization standards to address the 2021 severe winter storm.
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