RAP senior advisor Mike Hogan discussed the concept of system adequacy in a high renewables world with attendees at the California Long-Term Resource Adequacy Summit. Co-hosted by the CAISO and California Public Utilities Commission (CPUC), the Summit educated key decision-makers and stakeholders about the current status of California’s energy market construct for long-term resource adequacy and identified alternatives to the existing framework. More than 450 people attended the Summit, including the CAISO governors, CPUC commissioners, and California Energy Commission (CEC) commissioners, as well as a broad swath of stakeholders. Hogan highlighted the key concepts presented in RAP’s “What Lies Beyond Capacity Markets concepts,” including the need to structure resource adequacy processes in a manner that delivers a suitably flexible portfolio of resources. He emphasized that both generation and demand-side resources should be valued equally as sources of capacity and system services.

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