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Richard Brooks's picture
Co-Founder and Lead Software Engineer Reliable Energy Analytics LLC

Inventor of patent 11,374,961: METHODS FOR VERIFICATION OF SOFTWARE OBJECT AUTHENTICITY AND INTEGRITY and the Software Assurance Guardian™ (SAG ™) Point Man™ (SAG-PM™) software and SAGScore™...

  • Member since 2018
  • 1,477 items added with 628,523 views
  • Jun 5, 2022

I'm still making my way through this report. The report contains several statistical observations that I want to dig deeper into. These excerpts are particularly noteworthy:

The market must accurately reflect and properly incentivize the flexibility needs of the system. The current Reserve Market construct utilizes a two-step ORDC, and while it accurately reflects the risk posed by a single contingency, it fails to capture the rise in uncertainty driven by the penetration of renewable resources. The simulation results underscored the deficiencies in the current construct, indicating that the two-step ORDC procures less than a third of the reserves needed by the system and, with an average clearing price of $0.02/MWh, it also fails to send long-term market signals to incentivize flexibility.

"There is an opportunity for PJM and stakeholders to explore the participation of renewable resources in the reserves market"

NAESB is hosting a kickoff meeting on 6/14 to start work on a "Grid Services Standard" at the request of DOE, which could facilitate the integration of DER in wholesale markets.

Richard Brooks's picture
Thank Richard for the Post!
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