The potential contribution of short term storage technologies such as batteries to resource adequacy is becoming increasingly important in power systems with high penetrations of Variable Renewable Energy Sources (VRES). However, unlike generators, there are multiple ways in which storage may be operated to contribute to resource adequacy. We investigate storage operational strategies which result in the same amount of Expected Energy Not Served (EENS) but differing Loss of Load Expectation (LOLE) to investigate the range of LOLE possible and what factors affect this range. A case study of a Belgium-like power system using an economic dispatch model, typical of state-of-the-art adequacy assessments, results in a LOLE ranging between 2 and 6 h/yr, with the difference decreasing for greater storage duration and increasing for higher installed capacities of storage. Capacity Credits (CCs), which give the relative contribution of a resource to system adequacy, may also be affected by storage operation and the CC of storage is shown to differ by up to 30% depending on the operation and how the CC is calculated. Given these findings, it is recommended that modellers be explicit and transparent about the storage operation they assume in adequacy assessments and capacity credit calculations. ; Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public. ; Energie and Industrie