ESE Fall Seminar #2, September 9, 2024 - FELDER: " Resource Adequacy Modeling & Policy"

TITLE: “Resource Adequacy Modeling and Policy in the Transition to Net-
Zero Electric Power Systems”
SPEAKER: Frank Felder, PhD, Principal, Independent Electricity Consultants, LLC.

ABSTRACT:  Efforts worldwide to decarbonize the electric power sector are leading to questions about whether power systems transitioning to net zero emissions will have sufficient resources to satisfy the load. Resource adequacy is the component of reliability that probabilistically models whether power systems can serve load under a range of system conditions. Challenges to resource adequacy include increased use of variable and intermittent renewable resources such as wind and P.V. solar, recent severe weather outages, and an evolving climate. This presentation introduces resource adequacy analysis, discusses its role in reliability analysis, describes emerging technical issues and their potential solutions, and places resource adequacy in the broader context of electricity markets and system planning.

BIO: Frank A. Felder is a Principal at Independent Electricity Consultants, LLC., a Senior Fellow at the Oxford Institute for Energy Studies, and a Visiting Researcher at KAPSARC, an international energy think tank. Formerly, he was the Director of the Rutgers Energy Institute, Research Professor, and Center for Energy, Economic and Environmental Policy at the Bloustein School of Planning and Public Policy, Rutgers University. He actively teaches and researches electricity markets and the reliability and resiliency of power systems. He holds a doctorate in Technology, Management, and Policy from M.I.T.