Resource Adequacy for State Utility Regulators: Current Practices and Emerging Reforms
This report was developed by staff in the National Association of Regulatory Utility Commissioners (NARUC) Center for Partnerships and Innovation (CPI). Additional support was provided from commissioners, commission staff, and other technical experts to provide foundational information for state utility regulators on the evolving nature of resource adequacy for the electric system. With the changing nature of the system, state commissioners will continue to play a vital role in their respective jurisdictions. Their roles in overseeing resource decisions are growing in complexity, with consideration for customer costs, state and federal environmental requirements, extreme weather events, fuel supply limitations, generation retirements, shifting requirements for system operators, and growing levels of intermittent and energy-limited resources (e.g., wind, solar, and battery storage). Reliability concerns continue to be an urgent and immediate priority for utility regulators in most parts of the United States. The information in this report is designed to support state commissioners and their respective staff members as they navigate an evolving resource adequacy landscape to maintain reliability amidst a rapidly changing system.