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.
ERCOT Market Adjusting to ‘The New Normal”
Jan 1, 2020 | Press
TCPA is a non-profit trade association representing power generators, wholesale power marketers, and retail providers with investments in Texas and the ERCOT wholesale and retail electric markets. TCPA members own more than 54,000 megawatts of generation capacity and 82% of all natural gas generating capacity in the ERCOT/Texas market. That’s approximately half of all the installed generation capacity and 2/3 of the non-wind capacity in ERCOT. They represent billions of dollars of investment in the state, and they employ thousands of Texans.