Meeting ·
Economically Optimum Reserve Margin (EORM) Workshop
LocationERCOT Austin 8000 Metropolis (Building E), Suite 100 Austin, TX 78744 Room 206
VirtualWebEx / Teams
Dial-in877-668-4493
Agenda 5 items
-
1.
Introduction Workshop goals and agenda/opening remarks by PUCT staff Summary of the 2014 EORM Study
- ERCOT EORMWorkshop 4 14 2017 · Third Party Study
- 2. Modeling the Electricity System Supply Thermal resources Forced/planned thermal generator outages Generator operational parameters, fuel prices and other costs Private Use Network (PUN), switchable, and hydro resources Wind and solar output/modeling Demand-side resources Demand Load forecasts and uncertainty Transmission Transmission topology and import/export modeling Market Energy and ancillary markets Scarcity pricing and emergency operating procedures Marginal resource additions Generator cost of new entry (CONE) and Value of Lost Load (VOLL)
- 3. Results Reserve Margin Accounting Reliability Results Reliability-Based Reserve Margin Targets Intermittent wind and solar renewables ELCC estimation Scenario Analysis Purpose and scope of potential scenario analyses
- 4. Study Process and Scope Study frequency, simulation year selection, NERC LTRA alignment Results for presentation (EORM/MERM) Vetting of study results Periodic methodology assessment and document updates
- 5. Next Steps Wrap up - Next steps, schedule and final Q&As