Phase 1 of the reliability services initiative enhances the resource adequacy (RA) rules and processes to align more closely with reliability and regulatory rules.
The changes include:
1. Enhancements to further integrate preferred resources into the grid.
2. Integrating flexible resource adequacy resources into the energy market.
3. Update the availability incentive mechanism price based on the CPM price.
4. Revisions to RA outage management rules.
To support these changes, the existing standard capacity product is being replaced with the resource adequacy availability incentive mechanism (RAAIM).The new incentive mechanism evaluates RA resources based on their market bids, and shall assess charges or payments to each RA resource where their monthly performance exceeds a monthly performance standard. Details of the configuration logic is specified within each document. Terminated BPMs are listed in another PRR.