Power Market Design to Fully Address Reliability
RAP Principal Rich Sedano addressed the Gulf Coast Power Association meeting on October 3, 2012 in Austin, Texas. He participated in a panel on wholesale market designs to support resource adequacy. Mr. Sedano offered that resource adequacy is a component of reliability, and that reliability in Texas, with its significant and potentially growing portion of energy from wind and solar sources, would be best addressed with attention to driving investment in flexible resources and resources with ramping and cycling capabilities, rather than just generic capacity. This argument flows from RAP’s recent paper, What Lies Beyond Capacity Markets?