Grid Glossary

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Reactive power

Power that does not perform useful work but is used to establish and maintain electromagnetic fields that are needed to generate, transmit, and convert electric power in the alternating current network. A shortage of reactive power can cause voltage to decline. (See also: voltage support)

Reliability

A characteristic of the whole electricity system to describe its ability to consistently deliver electricity to consumers without interruption, even through grid disturbances. Reliability comes down to having sufficient generating resources to meet demand and a functional operational grid system.

Reliability must-run (RMR) contract

An agreement initiated by an RTO or ISO with a power plant, keeping it in operation temporarily for reliability purposes.

Resilience

The ability of the grid to ride through extreme events, recover quickly, and support other critical systems (e.g., transportation, health care, public safety etc.).

Resource adequacy

An assessment of whether the current or projected resource mix is sufficient to meet capacity and energy needs for a particular grid. The resource mix includes all resources able to provide capacity and energy to the system. Adequacy assessments are used to identify potential shortfalls in the availability of resources across different time frames; from long-term planning (5 to 20+ years) to seasonal and day-ahead assessments.

RTO

 (see also: ISO) – A non-profit organization that manages the electricity transmission system in a specific region, ensuring reliable and efficient electricity delivery. RTOs operate the high-voltage electricity grid, facilitating the movement of power from generating plants to substations and ultimately to consumers. They also oversee competitive wholesale electricity markets.

Siting requirements

For electricity infrastructure, like power lines and generating facilities, these requirements involve a range of considerations, including safety, environmental impact, and community engagement. Specific regulations vary by location and project type, but generally include distance requirements from existing infrastructure, environmental assessments, and engagement with landowners and stakeholders.

Solar power

The conversion of sunlight into electricity using photovoltaics (PV) or solar thermal technologies. It’s a renewable energy source that is becoming increasingly important in the global energy landscape due to its sustainability and decreasing costs.

Spot Price

Refers to the real-time wholesale cost of electricity that fluctuates based on supply, demand, weather, and grid conditions.

SPP

Southwest Power Pool

Synchronous resources

Generators with turbines rotating in sync with the grid frequency. They include large-scale thermal (coal and gas) and hydropower plants.

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