Platts
ERCOT power prices seen hampering gas-fired project development: sources
Developers continue to prepare to build natural gas-fired capacity in the Electric Reliability Council of Texas footprint, but low prices and the prospect of the construction of more tax-subsidized, low-cost renewable capacity has some wondering how many new gas-fired units will actually be financed and come online over the next few years.
“Market prices just don’t support financing for new [generation] assets today,” Jeff Schroeter, managing director at Dallas-based developer/consultant Genova Power Advisors, said Wednesday. “And now that the [federal production tax credit] for wind has …