Regulatory Council (NERC) which participates in the activities of EU Agency for
the Cooperation of Energy Regulators (ACER), informs that ACER on 2nd of October
published decisions on the methodology for the European resource adequacy
assessment (ERAA) and methodology regarding calculating the value of lost load,
the cost of new entry and the reliability standard.
The ERAA describes the
expected level of security of supply
for a ten-year horizon.
Member States set
a reliability standard based on the value of lost load and the cost of new
entry for generation or demand response. The reliability standard indicates the
necessary level of security of supply of the Member State.
By comparing these
results, resource adequacy concerns can be identified, and the need for
additional measures (e.g. temporary capacity mechanisms) assessed.
Regarding this methodology ENTSO-E
(the European Network of Transmission System Operators for Electricity) runs a
simulation model based on data provided by the Transmission System Operators
(TSOs) for demand, supply and the power grid. ENTSO-E currently performs the European Mid-term Adequacy Forecast (MAF)
with a ten-year time horizon. After that, a ERAA will gradually be implemented
and may be complemented by national resource adequacy assessments.
You can access the Decisions here.
More information you can find here.