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Podcast: Cascade CounterPoint
Episode: QP: The race is on for a reliable power grid
Description: Full text: A newly redeveloped model used by the Northwest Power and Conservation Council to calculate annual loss of load probability (LOLP) shows significantly higher LOLP in 2023 compared to previous predictions.
The LOLP calculates the likelihood that utilities will have to take some kind of emergency measure in order to prevent a blackout. Emergency measures could include initiating rolling blackouts, calling on ratepayers to decrease usage, and buying back power from large industrial users.
The classic model estimated the LOLP in 2023 would be 15.7% with a resource need of 1250 MW. The redeveloped model, which simulates more...