Operating reserve refers to the backup energy supply that a power system maintains to ensure reliable electricity delivery in the event of unexpected changes in supply or demand. This reserve capacity is essential for managing fluctuations in the grid, such as sudden outages, spikes in electricity demand, or variances in renewable energy production. There are generally two main types of operating reserves: 1. **Regulation Reserve**: This is used to balance short-term variations in demand and supply by adjusting generation or demand within a matter of minutes.
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