Author: Mark Watson
Houston — The Electric Reliability Council of Texas’ independent market monitor has lowered its estimate of the amount of erroneous real-time energy market charges during the Feb. 18-19 winter storm to $3.2 billion from $16 billion, reflecting the net effect of self-supply situations and day-ahead market positions, lawmakers learned March 11.
But during testimony before the Texas House of Representatives’ State Affairs Committee, Arthur D’Andrea, Public Utility Commission of Texas chairman and the sole remaining member, denied that the charges were erroneous, under state and ERCOT rules, which drew a suggestion from a …