MISO prepares for 'worst-case scenarios,' heads into summer with insufficient firm generation
The Midcontinent Independent System Operator is projecting a 5 GW shortfall in firm generation to meet projected load this summer, and it is working with member companies “to prepare for the worst-case scenarios.
Related Knowledge Center: ENERGY BASICS: electricity
Electricity is a secondary energy source: it is generated through the conversion of primary energy sources such as natural gas, coal, solar, hydropower, and wind. Electricity’s versatility is not cost-free: a substantial amount of energy is lost in its generation and the cost of storage is high, compared with fuels such as coal, oil and natural gas. The economics of battery technology hold the key to expanded use of renewable sources to generate electricity.