U.S. Department of Energy (DOE) Enabling Extreme Real-Time Grid Integration of Solar Energy (ENERGISE) Project: Multiday and Intraday Energy Availability Product [Slides]
This presentation will provide an overview of the development of a Multi-Day Energy Availability Product under the DOE ENERGISE project, conducted in collaboration with Southwest Power Pool (SPP), the National Laboratory of the Rockies, Polaris, and the Electric Power Research Institute (EPRI). Existing market clearing processes are limited to day-ahead and real-time horizons, which may result in insufficient pricing signals and compensation for resource availability over multi-day timeframes (e.g., incentives for fuel procurement and energy-limited resource preparedness). This effort aims to develop a new market product and associated clearing process to value and procure resource energy availability over a multi-day horizon. The team will present progress to date and solicit advisory group feedback on proposed methodologies and preliminary findings.