Weeraman, MSAmbadeniya, ARASSenarath, DSGunawardana, M2023-11-242023-11-242023-05-31**http://dl.lib.uom.lk/handle/123/21725Contingency power and spinning reserves are critical components of power systems worldwide, providing a vital role in maintaining system reliability and stability. In this paper, we analyze the technical and economic aspects of contingency power and spinning reserves, with a specific focus on Sri Lanka. We examine the current state of contingency power and spinning reserves in Sri Lanka and discuss anticipated structural reforms. Our analysis suggests that there is a significant potential for improving the technical and economic aspects of contingency power and spinning reserves in Sri Lanka. We propose a set of recommendations for policymakers to promote these improvementsenReformsPoliciesContingency powerSpinning reservesConference-Full-textEngineeringDepartment of Electrical Engineering2023National Symposium on Power Sector Reforms in Sri LankaMoratuwa, Sri LankaProceedings of the National Symposium on Power Sector Reforms in Sri Lankamanukaseshanweeraman@gmail.comamandiambadeniya@gmail.comdinithisenarath1@gmail.com