|
|
|
|
Texas PUC Chair Provides Consumer Cost, To Date, Of Additional Reserves, Other Reliability Actions For This Summer
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
During a press briefing on actions that the Texas PUC and ERCOT are taking to improve grid reliability as the hottest days of summer approach, PUC Chairman Peter Lake provided the consumer cost, to date, of certain reliability actions the PUC has directed ERCOT to undertake for this summer
"All-in, the dollars spent so far this summer for the dramatic increases in both reserves and generators forced into service total less than $2 per person across all citizens within ERCOT," Lake said
In terms of additional reserves, Interim ERCOT CEO Brad Jones said that, across the peak, ERCOT has in the past had 5,000 MW that are not committed to serving energy in the market.
In early June, ERCOT has increased such reserves to 6,500 MW across peak
In July, ERCOT has called 38% more reserves than last year. In August, ERCOT has already procured 56% more reserves than last year, Lake said
ERCOT has also purchased an additional 1,500 MW of non-spin, and 500 MW of responsive reserves
In terms of future market design, Lake said that the goal is to accomplish such re-design without increasing costs to consumers, by moving current revenues provided in the market to provide incentives for reliability and accountability and re-allocating such revenues to generators that are more dispatchable
Lake said that the structure for the market redesign is intended to be adopted before the end of the year
Lake also reiterated, as first stated at a recent Senate hearing as previously reported (story here), that, "The [ERCOT] market needs to move away from a crisis-based business model."
"We need to have a market design so that if you provide reliability, that's where the financial incentive is presented," Lake had said at such hearing
ADVERTISEMENT Copyright 2010-21 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
July 22, 2021
Email This Story
Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Senior Account Operations Analyst -- Retail Supplier
• NEW! -- Energy Procurement Manager
• NEW! -- Natural Gas Retail Analyst -- Retail Supplier -- Houston
• NEW! -- Associate Director of Market Strategy -- New York/Anywhere
• NEW! -- Energy Risk Professional -- Retail Supplier -- Houston
• NEW! -- Energy Customer Support Specialist -- Retail Supplier -- Houston
• NEW! -- Business Development Account Executive - Indirect Broker Sales -- Retail Supplier -- Houston
• NEW! -- Customer Engagement Manager -- Retail Supplier -- Houston
• NEW! -- Energy Customer Service Specialist
• NEW! -- Energy Sales Executive
• NEW! -- Senior Energy Intelligence Analyst
• NEW! -- Energy Advisor
|
|
|