Electric grid is an extremely important piece of infrastructure; a single daylong nationwide power outage can shave off 0.5% of the country's GDP. The cost of improvements is also high, so in practice a balance is sought to reach an "adequate level of reliability" at an acceptable cost.7
Main article: Resource adequacy
Resource adequacy (RA, also supply adequacy) is the ability of the electric grid to satisfy the end-user power demand at any time (typically this is an issue at the peak demand).8 For example, a sufficient unused dispatchable generation capacity and demand response resources shall be available to the electrical grid at any time so that major equipment failures (e.g., a disconnection of a nuclear power unit or a high-voltage power line) and fluctuations of power from variable renewable energy sources (e.g., due to wind dying down) can be accommodated.9
A typical reliability index for the adequacy is the loss of load expectation (LOLE) of one event in 10 years (one-day-in-ten-years criterion).10 Due to the possible need for the actual addition of physical capacity, adequacy planning is long term11 (for example, PJM Interconnection requires capacity purchases to be 4 years in advance of delivery).12
Security is the ability of the system to keep the real-time balance of the supply and demand, in particular immediately after a contingency by automatically ramping up generation and shedding the interruptible loads. Security relies on the operating reserve. Historically, the ancillary services (e.g., the inertial response) were provided by the spinning machinery of the synchronous generators, provisioning of these services got more complicated with proliferation of the inverter-based resources (e.g., solar photovoltaics and grid batteries).13 The typical requirement is "N-1 security" meaning that a sudden loss of one out of N major resources (a large generator or transmission line) should be pre-built into the system configuration at any time. The N-2 and N-3 contingencies refer to preparing for a simultaneous loss of, respectively, 2 or 3 major units; this is sometimes done for the critical area (e.g. downtown).14
North American Electric Reliability Corporation recognizes three services that have to be provided by the generation equipment in order for the grid to be reliable:
These capabilities are called essential reliability services (ERSs). If these are lacking, the grid cannot be secured. The contribution of synchronous generators toward these services is well understood.15
Heylen et al. 2018, p. 22. - Heylen, Evelyn; De Boeck, Steven; Ovaere, Marten; Ergun, Hakan; Van Hertem, Dirk (26 January 2018). "Steady-State Security". Dynamic Vulnerability Assessment and Intelligent Control for Sustainable Power Systems. John Wiley & Sons, Ltd. pp. 21–40. doi:10.1002/9781119214984.ch2. ISBN 9781119214984. https://books.google.com/books?id=YbVIDwAAQBAJ&pg=PA21 ↩
Heylen et al. 2018, p. 21. - Heylen, Evelyn; De Boeck, Steven; Ovaere, Marten; Ergun, Hakan; Van Hertem, Dirk (26 January 2018). "Steady-State Security". Dynamic Vulnerability Assessment and Intelligent Control for Sustainable Power Systems. John Wiley & Sons, Ltd. pp. 21–40. doi:10.1002/9781119214984.ch2. ISBN 9781119214984. https://books.google.com/books?id=YbVIDwAAQBAJ&pg=PA21 ↩
Prada 2017, p. 5. - Prada, Jose Fernando (2017). Ensuring the Reliable Operation of the Power Grid: State-Based and Distributed Approaches to Scheduling Energy and Contingency Reserves (PhD). Carnegie Mellon University. https://kilthub.cmu.edu/ndownloader/files/12249647 ↩
Geocaris 2022. - Geocaris, Madeline (August 10, 2022). "Assessing Power System Reliability in a Changing Grid, Environment". NREL.gov. National Renewable Energy Laboratory. Retrieved 10 May 2023. https://www.nrel.gov/news/program/2022/assessing-power-system-reliability-in-a-changing-grid-environment.html ↩
Tezak 2005, p. 2. - Tezak, Christine (June 24, 2005). Resource Adequacy - Alphabet Soup! (PDF). Stanford Washington Research Group. https://hepg.hks.harvard.edu/files/hepg/files/stanford.washington.resource.adequacy.pdf ↩
Tezak 2005, p. 16. - Tezak, Christine (June 24, 2005). Resource Adequacy - Alphabet Soup! (PDF). Stanford Washington Research Group. https://hepg.hks.harvard.edu/files/hepg/files/stanford.washington.resource.adequacy.pdf ↩
Willis 2004, p. 499. - Willis, H. Lee (1 March 2004). "Contingency-based planning criteria". Power Distribution Planning Reference Book, Second Edition (2 ed.). CRC Press. pp. 499–500. ISBN 978-1-4200-3031-0. https://books.google.com/books?id=9EShPwTRnoUC&pg=PA499 ↩
NERC 2015. - NERC (2015). "Essential Reliability Services" (PDF). Retrieved 2025-05-11. https://www.nerc.com/pa/RAPA/ra/Reliability%20Assessments%20DL/ERS%20Abstract%20Report%20Final.pdf ↩