Abstract
This report provides guidance to entities in charge of defining resource adequacy criteria. It lays out a need to move beyond a single-metric criterion to better capture size and duration of risk, to explicitly consider tail risks that have disproportionate damages, and to better link cost and reliability objectives.
| Original language | American English |
|---|---|
| Publisher | National Renewable Energy Laboratory (NREL) |
| Number of pages | 60 |
| DOIs | |
| State | Published - 2024 |
Bibliographical note
NREL's Bethany Frew and Gord Stephen, along with James Okullo (Energy Systems Integration Group), Aidan Tuohy (EPRI), Juan Pablo Carvallo (U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy) are part of the project teamNREL Publication Number
- NREL/SR-6A40-89334
Keywords
- cost of new entry
- EUE
- LOLE
- power system
- resource adequacy criteria
- tail risk
- value of lost load