ERCOT congestion rights value falls in latest auction
Houston (Platts)
Congestion revenue rights acquired in the Electric Reliability Council of Texas auction for January totaled $14.6 million, about 7% less than the December total, results posted Tuesday show.
The total January capacity acquired in the auction was 143,480 MW, about 2.2% more than the December auction’s total.
Of the January value, about $7.6 million was for 48,799 MW in obligation CRRs, and about $7 million was for 94,681 MW in option CRRs. The dollar value of December CRRs was $15.7 million. …(more)
Follow the link above to learn more about what these mean.