Platts The California Independent System Operator is proposing major changes to its day-ahead market, including moving from hourly to 15-minute increments, partly so the grid operator can better handle net load variability, ramping and periods of over-generation. Putting the changes…
Author: Rick Ankrum
Real-time co-optimization in Jan spike would have saved ERCOT money
Platts Real-time co-optimization of energy and ancillary services would have saved the Electric Reliability Council of Texas $58.5 million when a ramping capacity shortage on January 23 caused real-time prices to hit $9,000/MWh, board members learned Tuesday. During Tuesday’s ERCOT…