Platts The Electric Reliability Council of Texas footprint saw real-time prices jump to four-digit territory Wednesday afternoon as power demand rose above record May peakload with above-normal temperatures. Real-time prices spiked across the footprint as real-time prices for all hubs…
Month: May 2018
ERCOT power prices could hit offer cap even after ‘circuit breaker’ tripped
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.…