Platts
Calpine exec says ERCOT power market ‘balanced on a razor’s edge’
The Electric Reliability Council of Texas wholesale power market is “balanced on a razor’s edge” as the region’s “economic reserve margin” slides to near 10%, Steven Pruett, Calpine’s chief commercial officer, said Friday.
During Calpine’s fourth-quarter 2014 earnings call with analysts, Pruett said the company, one of the largest generators in ERCOT, stands to benefit as the economic reserve margin — “the reserve margin beyond which point resources are dispatched at scarcity prices” — has been slipping without …