Forum Topics

Resource Adequacy

System operators must ensure that there is enough electricity generation available at all times to serve demand, and that new generation is being built to serve future demand and replace older generation going out of service. In other words, they ensure current and future resource adequacy. Many studies on this topic are summarized in the research library.

With low-carbon variable energy resources projected to make up a significant amount of future generation, approaches to procuring, pricing, and measuring resource adequacy are changing. The set of presentations below explore the issues from the perspectives of an ISO CEO, economists, policymakers and engineers.

Redefining Resource Adequacy

for a New Era

Download Slides

Tail Risk and Strategic Reserves

Download Slides

Forecasting Load Growth

The presentation focuses on understanding and predicting the increase in electricity demand. Accurate load forecasting is both challenging and important for power markets to maintain system efficiency and reliability amidst rising renewable generation. Relevant historical trends include the consistent underestimation of summer peaks by PJM and the implications of these forecasts on system planning and investment.

Grid Strategies Presentation Session 30 Internal Slide

Download Slides for Reference Papers

Are Firm Capacity Retirements Outpacing Replacements?

The presentation explores the reliability and resilience of the electric grid as the generation resource mix shifts away from fuel-based dispatchable resources like coal and natural gas towards intermittent renewable energy sources. The challenges include managing resource adequacy and operational reliability.