Midcontinent Independent System Operator, Inc.

Oluwaseyi W Akinbode

Yonghong Chen

Fengyu Wang

Kevin Andrew Vannoy

Akshay Korad

Gary Waldo Rosenwald

A method for operating an electrical power grid, which includes an electrical power grid, a plurality of power generation participants providing electrical power to the electrical power grid, a plurality of consumers drawing electrical power from the electrical power grid, and a controller that administers the market for the power generation participants and the consumers on the electrical power grid. The method may include providing, by the controller, a short-term reserve (STR) product for the consumers. The STR may be provided by the power generation participants through online resources and offline resources. And the controller may share a ramp capability product (RCP) capacity and a resource capacity.

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Carmel, IN, United States of America

Oluwaseyi W Akinbode