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.
Critics responded to Eversource and National Grid's request that FERC clarify its order denying an ISO-NE waiver request to keep Exelon’s Mystic running.
FERC approved Tariff revisions that will finally allow the Southwest Power Pool to implement a resource adequacy requirement.
MISO, commited to moving forward, said it plans to refile a plan to create external capacity resource zones with FERC by the end of the month.
MISO laid out how it will tackle changing resource availability and needs in its footprint ahead of the release of a white paper on the issue.
ERCOT executives said that system generation has overperformed during the summer, helping the grid operator meet demand during July’s record heat.
A forecasting error is prompting CAISO to procure a large volume of out-of-market resources for September under a special measure.
NYISO experienced a peak load of 31,293 MW on July 2, the highest demand so far this summer but falling far short of the all-time peak of 33,956 MW.
A high-pressure system that has swamped much of Texas with triple-digit temperatures has led to all-time systemwide peak records in ERCOT.
PJM rolled out a proposal to procure reserves on a more granular level, a move the RTO hopes will shift more generator revenues back into the energy market.
ERCOT set new all-time systemwide peak demand records July 18, reaching 72.2 GW between 4 and 5 p.m.
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