Resource Adequacy: Firm Capacity, Reserve Margin & Shortfall Hours
This lesson is part of the course
In this lesson
You derate the 2030 fleet to firm capacity, compare it with the forecast peak, size the new peakers needed for the target reserve margin and count the stress-day hours that would be tight if the largest unit failed.
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Lessons in this course
- Load Curves: Peak, Average, Load Factor & the Load-Duration Curve Locked
- The Generation Fleet: Capacity, Availability, Capacity Factor & Energy Mix Locked
- Marginal Cost: Fuel, Efficiency, Carbon Price & Variable O&M Locked
- Merit-Order Dispatch: Ranking Plants and Finding the Clearing Price Locked
- Wind & Solar Feed-In: Residual Load and the Clearing Price Hour by Hour Locked
- Resource Adequacy: Firm Capacity, Reserve Margin & Shortfall Hours Locked
- Generator Economics: Inframarginal Rent and the Capture Price of Solar Locked
- Market Dashboard: Price-Duration Curve, Energy Mix & Emissions Intensity Locked