I've been beating my head against Google trying to find sources for reliable data on two things: a) how much energy is consumed maintaining the spinning reserve, and b) how much energy is consumed in dumping excess grid capacity.
I suspect (b) is really small, and not significant in the discussion of overall grid efficiency. Efficient scheduling of energy generation is what those guys do for a living, and you'd think they would have figured it out by now. :-)
With regard to (a), ISO requires at least 50% of the operating reserve to be spinning reserve, that is to say, synchronized to the grid and ready for throttle-up on demand from the ISO. Almost all of that comes from hydroelectric and combustion turbine sources.
The operating reserve requirement is variable, depending on the sources used for grid power. The ISO requires an OR for hydroelectric power of 5%, and for all other sources it's 7%. For interruptible imports, it's 100%. If wind or solar were significant sources, the ISO probably would have a requirement for a very high operating reserve for that power, like 100%, because mankind does not yet have control over the clouds and wind.
What I want to know is how much power is being consumed maintaining the spinning reserve. I'd guess it's a lot, because gas turbine engines do not have good efficiency when running at no-load. I would not be surprised if as much as 10% of the total grid power was being spent on maintaining the spinning reserve. But I just cannot find numbers on this question. I would be very grateful for any pointers to reliable sources of information which discuss this question.