Consumers drive power market transformation: observers

Platts

The electricity sector faces consumer-driven disruptions akin to the paradigm shifts that disrupted transportation, entertainment and the newspaper industry during the 20th century, market observers said Thursday in separate presentations.
Such changes, driven by consumer demand, had impact that was both positive and negative effects. In transportation, while the problems of disposing tons of horse manure and dead …

ERCOT reserve margins likely to dip below target: IMM

Platts

Recently announced planned retirements of 4,500 MW of generation capacity in the Electric Reliability Council of Texas, plus the indefinite shutdown of another 118 MW, would likely push reserve margins below ERCOT’s target of 13.75%, ERCOT stakeholders learned Tuesday.
During the ERCOT Board of Directors meeting Tuesday, Bill Magness, ERCOT president and CEO, said his staff was working to determine whether any of the resources announced for …