Senate Committee on Business & Commerce
Starts at 1:04:00
House State Affairs
Starts at 1:22:00
ERCOT Market Adjusting to ‘The New Normal”
Most ERCOT market participants have come to grips with the fact that “9-ish percent” reserve margins are likely “the new normal” in Texas’ energy-only market. Market reliability has been the story of the last 25 years in Texas.
Businesses get big break on electricity transmission fees while consumers pay more
As temperatures climbed into the triple digits this summer, big commercial and industrial companies shut down production lines, sent employees home and fired up backup generators. These moves, however, weren’t made to avoid the temporary spikes that sent wholesale electricity prices soaring to the maximum $9,000 per megawatt hour, but rather to cut their transmission costs throughout the year — and ultimately shift them to consumers and small businesses.
ERCOT’s extreme prices unlikely to result in new thermal generation: experts
