November 29, 2021
ESIG recently released a report titled Redefining Resource Adequacy for Modern Power Systems, which laid a foundation for new ways to think about resource adequacy and reliability as the grid decarbonizes. In that work, we laid out six principles to guide changes to the way we consider and quantify resource adequacy in an era of decarbonization. This blog post expands on that work with a specific focus on metrics. These metrics ultimately determine how we measure risk, make investment decisions, and decide whether to retire generation. While resource adequacy metrics may seem opaque and nebulous to many—four recommendations for improved resource adequacy metrics can help ensure we make sound investment decisions…
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