Access documents related to the Operational Impacts of Extreme Weather Events Key Project.
The ISO is working with the Electric Power Research Institute (EPRI) to conduct a probabilistic energy-security study for the New England region under extreme weather events and to develop a framework for the ISO to assess operational energy-security risks associated with extreme weather events. This is a collaborative opportunity for industry leaders and regional stakeholders to learn about how extreme weather events in the future may affect the evolving power system and to prompt thinking about how best to prepare.
Weather, particularly changing extremes and range of variability, is a key factor affecting resource (i.e. energy) availability, demand patterns, and related reliability concerns. Extreme weather events in Texas and California have made it apparent that multi-day or longer energy deficiencies have serious consequences to residents and the economy. Energy-security risks in New England are well documented, highlighting the importance of conducting comprehensive energy-security assessments covering a wide range of operating conditions, including low-probability, high-impact reliability risks (tail risks) related to extreme weather.
The Operational Impacts of Extreme Weather Events project is just one of several key projects at the ISO, which continuously undertakes a variety of short- and long-term projects to enhance the region's competitive wholesale electricity markets and ensure reliable operation of the power grid.