Houston — Texas regulators March 3 ordered the resumption of a scarcity-pricing rule that changes the Electric Reliability Council of Texas systemwide offer cap from $9,000/MWh to the higher of either $2,000/MWh or 50 times a natural gas fuel index…
Day: March 4, 2021
ERCOT prices too high for 2 days, overcharging power companies $16B during storms, firm says
AUSTIN (Texas Tribune) — The Electric Reliability Council of Texas made a $16 billion error in pricing during the week of the winter storm that caused power outages across the state, according to a filing by its market monitor. Potomac Economics,…