Electricity

ERCOT real-time power prices spike near $1,500/MWh on record demand

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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 averaged nearly $1,500/MWh for the 15-minute interval that ended 4:45 pm CDT, after shooting up above …

Generation

ERCOT power prices could hit offer cap even after ‘circuit breaker’ tripped

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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.

During the ERCOT Wholesale Market Subcommittee, Pamela Shaw, ERCOT’s lead market operations analyst, made a …