ERCOT May congestion rights value rises 18.4%
Houston (Platts)
The value of congestion revenue rights acquired in the Electric Reliability Council of Texas auction for May was about 18.4% more than the value of April CRRs, according to results posted Thursday on ERCOT’s website.
The dollar value for May totaled more than $21.9 million, of which $14.7 million was for obligation CRRs and about $7.2 million was for option CRRs. The total capacity acquired in the auction was 137,392 MW, compared with 126,338 MW in April, which is an increase of 11,054 MW, or 8.7%.
An obligation CRR is a financial instrument that entitles a CRR owner to be charged or receive…