ERCOT approves negative price floor, extends 30-minute ERS pilot
Houston (Platts)
The Electric Reliability Council of Texas board approved adding an administrative real-time settlement point price floor of negative $251/MWh, after learning ERCOT staff was behind the measure.
Nodal Protocol Revision Request 385 was approved with an 11-3 vote with one abstention at Tuesday’s ERCOT board meeting.
The protocol revision would help alleviate the negative impact on generators when they cannot come offline fast enough during times of congestion. Those generation resources seem to be inequitably harmed as…