- Feb 19, 2021 5:19 pm GMTFeb 19, 2021 5:02 pm GMT
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Exploring the Impacts of Extreme Events, Natural Gas Fuel and Other Contingencies on Resource Adequacy
This white paper focuses on planning for resource adequacy given a world in which supply disruptions are correlated and no longer limited to the outage of independent units and may be due to widespread or long-duration events with significant economic impacts on consumers.
The paper highlights the following attributes of planning for resource adequacy in an environment of increasing numbers of extreme events:
- Supply disruptions that are common mode events caused by weather, cyber / physical attacks, natural gas constraints or combinations of factors.
- The occurrence of an event (zero/one), consideration of its physical impacts (the amount of unserved energy, breadth of customer base impacted, and duration) and its economic costs to consumers.
- The need for the definition of probabilistic metrics and methodologies that over time can be used to incorporate consideration of common mode and high impact supply disruptions.
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