Almost $80 million spent on 2014 ERCOT congestion rights
Houston (Platts)
Almost $80 million was spent on Electric Reliability Council of Texas 2014 congestion revenue rights involving about 326,089 MW of capacity, according to CRR auction data released Thursday.
Of that overall total, $39.7 million was for obligation CRRs, and about $39.4 million was for option CRRs.
An obligation CRR is a financial instrument that entitles a CRR owner to be charged or receive compensation when ERCOT’s transmission grid experiences congestion in the day-ahead or…