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.
MISO detailed its spring readiness and said there’s a small possibility of emergency conditions.
FERC both vacated and reinstated MISO’s entire resource adequacy construct, ultimately leaving the RTO’s current capacity auction format undisturbed.
PJM is experiencing an “unprecedented” switch from coal- to gas-fired generation while also managing the replacement of aging transmission infrastructure.
FERC accepted MISO’s plan to refund Michigan ratepayers $24.6 million in overcharges stemming from SSR agreements imposed on Presque Isle.
Infocast’s annual ERCOT Market Summit once again featured panel discussions on market reform, grid resiliency and resource adequacy.
ERCOT said it expects the recent retirement of coal-fired and aging units to result in tight operating reserves this summer .
ISO-NE is racing to relieve natural gas pipelines constraints and interconnect new resources, CEO Gordon van Welie said.
FERC has given an unconditional thumbs-up to resource-aggregation rules for PJM that staff conditionally approved last year when the commission lacked a quorum.
ERCOT CEO Bill Magness had to revise a slide of his Feb. 20 report to the ISO’s Board of Directors on the fly with the latest record for wind production.
The CAISO Board of Governors enacted new governance policies and named Governor David Olsen as chairman.
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