Platts
Even if the Electric Reliability Council of Texas market trips a “circuit breaker” threshold that triggers a drop in systemwide offer cap to $2,000/MWh from $9,000/MWh, ERCOT’s scarcity pricing mechanism could keep clearing prices near $9,000/MWh, stakeholders learned Wednesday.
During the ERCOT Wholesale Market Subcommittee, Pamela Shaw, ERCOT’s lead market operations analyst, made a …