Platts
Real-time co-optimization of energy and ancillary services would have saved the Electric Reliability Council of Texas $58.5 million when a ramping capacity shortage on January 23 caused real-time prices to hit $9,000/MWh, board members learned Tuesday.
During Tuesday’s ERCOT Board of Directors meeting, Beth Garza, who heads Potomac Economics’ independent market monitor office at ERCOT, said her colleague Steve Reedy had composed a software program to model real-time prices during the January 23 event, in …