Resource Adequacy: Fundamentals and Emerging Trends

Resource Adequacy: Fundamentals and Emerging Trends is an insightful online event that aims to provide a comprehensive understanding of the fundamental assumptions, modeling methodologies, and interpretations of resource adequacy studies. This event is particularly relevant in today's context of increasing electricity demand and the integration of renewable energy sources, as well as the growing concerns surrounding electricity shortages due to the deployment of solar, wind, and energy storage resources, alongside the retirement of power plants. Attendees will delve into the complexities of resource adequacy, a crucial component for ensuring reliability as mandated by the North American Electric Reliability Corporation (NERC).Over the course of three days, participants will engage with key topics that explore the foundational aspects of reliability and the role of resource adequacy. Day 1 focuses on Reliability Fundamentals, discussing the roles of FERC, NERC, Regional Transmission Organizations (RTOs), Independent System Operators (ISOs), utilities, and State Commissions. Attendees will learn about essential definitions and concepts including reliability, resiliency, operational security, and resource adequacy. The day will also cover reliability standards and metrics relevant to both bulk power and distribution systems, ensuring participants can interpret these critical elements effectively.On Day 2, the event transitions to Resource Adequacy Modeling, Results, and Interpretations. This session will provide insights into modeling assumptions, necessary inputs, calculations, and outputs related to resource adequacy. Participants will review recent studies and emerging trends in resource adequacy modeling, learning how this modeling intersects with other modeling efforts such as generation and transmission expansion planning. The final day, Day 3, will address the implications of resource adequacy for utilities, RTOs, ISOs, and regulatory commissions. It will emphasize the role of resource adequacy in integrated resource planning, discuss generation capacity requirements, and market dynamics within RTOs and ISOs. Furthermore, participants will explore the implications of resource adequacy assessments and policies for state policymakers, providing vital insights that can influence regulatory decisions and strategies.The event features a distinguished faculty, including Lead Instructor Frank Felder, Ph.D., who brings over twenty-five years of experience in training professionals on topics related to resource adequacy and grid reliability. He will be joined by Commissioner Marcus Hawkins from the Wisconsin Public Service Commission, who brings valuable insights from his experience representing state interests in regional energy matters. This event represents a unique opportunity for professionals in the energy sector to deepen their understanding of resource adequacy and its critical role in ensuring a reliable and resilient electricity grid.