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 PJM MRC endorsed creating a new senior task force to study a potential market construct for procuring clean resource attributes in the RTO’s markets.
MISO warned that even a normal amount of demand and generation outages will likely send it into emergency procedures this summer.
Faced with a capacity supply shortage in 2022/23, MISO is considering broadening its generator retirement studies to consider resource adequacy.
FERC and NERC continue to gather information from utilities, generators and grid operators on maintaining electric reliability during severe cold weather.
The RE+ Texas conference drew hundreds of renewable energy experts to the state that leads in wind production and may soon lead in solar energy too.
FERC ordered six more entities to refund the premiums they earned from sales into CAISO during the severe heat wave of August 2020.
FERC reversed a decision that allowed CAISO to include an adder in the formula for offers that exceed the soft cap for its capacity procurement mechanism.
MISO officials answered questions about the capacity shortfalls and expensive prices in the 2022/23 auction while stakeholders asked for more supply data.
PG&E announced that its 182.5-MW Elkhorn Battery project, comprising 256 Tesla Megapack units, had commenced operation in CAISO.
ERCOT stakeholders declined to consider staff’s appeal of a tabled rule change that would create a process allowing staff to schedule planned outages.
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