Resource Adequacy
The Electricity Act states that NBSO is responsible for
maintaining the adequacy and reliability of the integrated electrical power system. NBSO
ensures that real-time resource adequacy is maintained through its instructions
to generators, load forecasting, outage coordination, and day-ahead planning.
NBSO
performs future resource adequacy assessments in accordance with the New Brunswick
Electricity Market Rules. NBSO conducts and publishes quarterly 18- month resource
adequacy assessments and annually publishes a long-term resource adequacy assessment
through the 10-Year Outlook report.
Through its resource adequacy assessments, NBSO
determines and allocates capacity obligations to Market Participants. Compliance
with these capacity obligations is monitored by NBSO, and NBSO is empowered through
the Market Rules to issue financial penalties and sanctions to Market Participants
that do not provide their allocated capacity to the electricity market.