CONE and VOLL Studies Update for Resource Adequacy Analysis
Stay informed with the latest updates on CONE and VOLL studies for resource adequacy analysis, including key recommendations and upcoming discussions by PUCT and ERCOT. Learn about the proposed values and their significance in planning studies.
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Reliability Standard & CONE/VOLL Updates Pete Warnken Resource Adequacy Supply Analysis Working Group August 26, 2024
Reliability Standard PUCT staff filed a memo on August 22 summarizing stakeholder comments and providing Commissioner recommendations based on the input (Project 54584) https://interchange.puc.texas.gov/Documents/54584_101_14 17676.PDF PUCT staff is working on the Proposal for Adoption; the filing is expected before the August 29 PUCT Open Meeting Reliability Standard approval is expected at the August 29 Open Meeting 2 ERCOT Public
CONE and VOLL Studies PUC staff adopted $140/kW-year as the CONE to use for planning studies (based on a frame CT reference technology) ERCOT filed Brattle s VOLL Study Final Report with the PUC in on August 22 (under Project 55837) ERCOT recommended that an ERCOT Region-wide VOLL for a one-hour outage of $35,000/MWh be used as the VOLL for planning purposes, including for the reliability standard and PCM https://interchange.puc.texas.gov/search/documents/?controlNumber =55837&itemNumber=12 PUCT staff filed a memo on August 8th with a VOLL recommendation to use for cost-benefit analysis in planning studies https://interchange.puc.texas.gov/Documents/55837_13_1422000.PDF Staff recommended a VOLL of $30,000/MWh The PUC is expected to discuss adoption of a VOLL for planning purposes at the August 29 Open Meeting 3 ERCOT Public
CONE and VOLL Studies 4 ERCOT Public
