National Market for Instantaneous Reserves (NMIR) Refinement
Submitted by Tony Neighbours on Thu, 04/02/2021 - 14:50NMIR was implemented to take advantage of the new HVDC controls that enabled reserve response from one island to cover AC events in the other island. These changes reduced the amount of reserves required to maintain system security, releasing more generation from the reserve market to the energy market, creating market benefits.