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.…
Tag: ERCOT
ERCOT’s summer power market to be less tight than earlier forecast
Platts A new Electric Reliability Council of Texas report indicates that power supplies are expected to be less tight than previously forecast, which power traders appeared to have already priced into the market, analysts said Monday. ERCOT’s final Seasonal Assessment…