Houston — The Electric Reliability Council of Texas’ systemwide real-time wholesale power prices on Tuesday spent more than four hours above $1,000/MWh and 90 minutes around $9,000/MWh, but industry observers Wednesday said they generally doubted it was enough to incentivize conventional generation capacity growth.
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.
