The Houston merchant power company Calpine has claimed responsibility for a data error that sent wholesale power prices spiking at the end of May and, according to an estimate from a commodity trading firm in Houston, cost consumers, industrial customers,…
Tag: ERCOT
ERCOT to retain scarcity pricing, even if peaker net margin threshold crossed
Houston — The Electric Reliability Council of Texas must continue using scarcity pricing mechanisms after a peaker net margin threshold has been crossed which lowers the systemwide offer cap from $9,000/MWh to $2,000/MWh, Texas regulators ordered Thursday. The Public Utility…