Updated With Statement From Volt Electricity Provider; Volt Says It Has Positive Account Balance; Asks ERCOT To Review Calculation

Updated With Statement From GridPlus, GridPlus Has Fulfilled All Stated Obligations

ERCOT Discloses Short Pays From 2/26 and 3/1, Additional Short-Paying Retail Providers Disclosed

March 3, 2021

Email This Story
Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com

Updated, 11:10 pm ET

Volt Electricity Provider provided the following statement to EnergyChoiceMatters.com:

"While ERCOT issued a market notice stating that Volt Electricity Provider short paid the market $1,341,690.61 on Feb 26th 2021, Volt strenuously asks ERCOT to reexamine their books. Volt only became aware of the issue after reviewing the market notice. Volt and the market must questions ERCOT’s accuracy and proficiency with these important calculations. As per both Volts books and ERCOT credit reports, Volt had and still has a positive account balance since the date in question - Feb 26th 2021. Volt asks ERCOT to review their accounts and correct the notice before more harm is done to Volt and the market, as well as correcting all short pay calculations before payment is required by Market Participants"

--- Statement from Volt Electricity Provider

Updated, 8:34 pm ET

GridPlus Texas Inc. provided the following statement to EnergyChoiceMatters.com:

"GridPlus Texas Inc. began communicating (emails, recorded phone calls and voicemails) with ERCOT on February 26, 2021 regarding settlement obligations. Despite our numerous questions and being assured that 'the Credit desk was reviewing', we received no answers (and still have not as of the time of this statement). In the absence of answers, GridPlus Texas Inc. fulfilled all stated obligations and entered into a credit position on March 2, 2021."

--- Statement from GridPlus Texas Inc.

Earlier:

ERCOT issued a market notice disclosing short-paying entities for invoices due for payout on 2/26 and 3/1 (where short payments totaled over $2 billion)

While ERCOT had previously issued notices of the aggregate amount of short payments, it did not in those initial notices identify the entities which short paid

Among the retail electric providers (or their QSEs) which short paid for the related invoice date, and which were not subsequently identified (and previously reported in our prior stories) as also short-paying later invoices are: Iluminar Energy, Gridplus Texas, Volt Electricity Provider, Entrust Energy, and Griddy. A REP affiliate, Hanwha Energy USA Holdings Corp d/b/a 174 POWER GLOBAL, was also listed as short paying

The full list of short-paying entities is below

It was not clear if any entities identified as short paying the 2/26 and 3/1 invoices have cured the short pay since such time.

ERCOT listed short paying entities and amounts short as follows:

Invoice Date Organization Balance

2/23/2021 BRAZOS ELECTRIC POWER CO OP INC (CRRAH) 82,654.60

2/23/2021 BRAZOS ELECTRIC POWER CO OP INC (QSE) 1,586,584,882.94

2/23/2021 BULB US LLC (QSE) 4,090,399.48

2/23/2021 CITY OF GARLAND (SQ6) 3,539,937.19

2/23/2021 EAGLES VIEW PARTNERS LTD (QSE) 1,152,199.09

2/23/2021 ENERGY MONGER LLC (QSE) 5,466,715.64

2/23/2021 ENTRUST ENERGY INC (QSE) 195,893,932.68

2/23/2021 ENTRUST ENERGY INC (SQ1) 12,634,935.27

2/23/2021 GBPOWER LLC (QSE) 13,268,378.47

2/23/2021 GRIDDY ENERGY LLC 1 (QSE) 23,311,607.25

2/23/2021 HANWHA ENERGY USA HOLDINGS CORP DBA 174 POWER GLOBAL (SQ1) 35,848,876.49

2/23/2021 HANWHA ENERGY USA HOLDINGS CORP DBA 174 POWER GLOBAL (SQ2) 4,171,986.20

2/23/2021 HANWHA ENERGY USA HOLDINGS CORP DBA 174 POWER GLOBAL (SQ3) 1,525,174.73

2/23/2021 ILUMINAR ENERGY LLC (QSE) 15,330,920.85

2/23/2021 MQE LLC (QSE) 5,937,646.80

2/23/2021 WOLVERINE TRADING LLC (QSE) 2,072,196.01

Invoice Date Organization Balance

2/24/2021 BRAZOS ELECTRIC POWER CO OP INC (CRRAH) 2,135.48

2/24/2021 BRAZOS ELECTRIC POWER CO OP INC (QSE) 221,653,909.48

2/24/2021 BULB US LLC (QSE) 1,102,155.17

2/24/2021 ENERGY MONGER LLC (QSE) 1,184,975.04

2/24/2021 ENTRUST ENERGY INC (QSE) 23,588,943.16

2/24/2021 ENTRUST ENERGY INC (SQ1) 1,789,965.24

2/24/2021 GBPOWER LLC (QSE) 1,991,967.80

2/24/2021 GRIDDY ENERGY LLC 1 (QSE) 1,145,433.31

2/24/2021 GRIDPLUS TEXAS INC (QSE) 477,050.30

2/24/2021 HANWHA ENERGY USA HOLDINGS CORP DBA 174 POWER GLOBAL (SQ1) 3,375,170.67

2/24/2021 ILUMINAR ENERGY LLC (QSE) 5,268,093.76

2/24/2021 MQE LLC (QSE) 1,322,981.29

2/24/2021 RAYBURN COUNTRY ELECTRIC COOPERATIVE INC (QSE) 41,619,069.04

2/24/2021 VOLT ELECTRICITY PROVIDER LP (QSE) 1,341,690.61

2/24/2021 WOLVERINE TRADING LLC (QSE) 716,083.19

ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Pricing Analyst
• NEW! -- Data Operations Analyst
• NEW! -- Chief of the Planning and Procurement Bureau, Illinois Power Agency
• NEW! -- Energy Operations & Reporting Associate
• NEW! -- Commercial Sales Support Representative -- Retail Supplier
• NEW! -- Channel Partner/Channel Sales Manager -- Houston
• NEW! -- Wholesale Originator -- Retail Supplier -- Houston
• NEW! -- Trading Analyst -- Retail Supplier
• NEW! -- Renewables Trader -- Retail Supplier
• NEW! -- Channel Partner Sales Manager -- Retail Supplier
• NEW! -- Experienced Retail Energy Account Manager
• NEW! -- Sales Channel Manager -- Retail Supplier