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May 4, 2021
The Texas Senate has passed a resolution (S.R. No. 342) which, "urge[s] the Public Utility Commission of Texas to significantly reduce the high system-wide offer cap and evaluate changes to the market structure."
April 29, 2021
Staff of the Texas PUC have filed proposed language for a scarcity pricing rule change to eliminate the 50-times fuel index price provision in the ERCOT market low system-wide offer cap (LCAP), such that the LCAP would be $2,000 per MWh and $2,000 per MW per hour
April 28, 2021
ERCOT in a market notice announced an adjustment to the Potential Uplift (PUL) Component of Total Potential Exposure (TPE)
April 21, 2021
Just Energy Group Inc. ("Just Energy" or the "Company") announced today that the Company has received resettlement invoices from the Electricity Reliability Council of Texas ("ERCOT") for the week of February 15, 2021 in connection with the Texas extreme weather event in February (the “Weather Event…
April 21, 2021
Pursuant to Texas Government Code §§ 2001.035(a) and 2001.038(a), Exelon Generation Company, LLC ('Exelon Generation') and Constellation NewEnergy, Inc. ('Constellation') (collectively, 'Plaintiffs' or 'Exelon') sought from Travis County, Texas district court a declaratory judgment invalidating what…
April 20, 2021
ERCOT Won't Seek To Correct Prices; Says It Cannot Determine Accurate Prices Because Recalculation Would Require ERCOT To Make Significant Assumptions Concerning Operating Behavior Of Market Participants
April 19, 2021
ERCOT said in a market notice that representatives from ERCOT and Texas RE will perform site visits to evaluate summer weatherization preparations for select Generation Resources.
April 15, 2021
HGP Storage (HGP) filed a pleading at the Texas PUC requesting that the PUC, "direct the Electric Reliability Council of Texas (ERCOT) to study the potential reliability concerns driven by large datacenters that mine cryptocurrencies."
April 14, 2021
The ERCOT Board has approved ERCOT's request to correct prices for operating day February 15, 2021 due to what was termed a software error affecting the calculation of Real-Time On-Line Reliability Deployment Price Adders (RTORDPAs).
April 14, 2021
The Electric Reliability Council of Texas, Inc. (ERCOT) filed with the Texas PUC a Notice of Planned Implementation of Default Uplift Invoice Process, "to provide clarity to the Commission and ERCOT Market Participants regarding ERCOT’s understanding of the ERCOT Protocols that control the Default…
April 14, 2021
ERCOT said today that it is expecting tight grid conditions again this afternoon but is not asking for energy conservation at this time (1:08 pm CT).
April 13, 2021
ERCOT this afternoon issued a request for conservation for this late afternoon and evening, stating that, "Due to a combination of high generation outages typical in April and higher-than-forecasted demand from a stalled cold front over Texas, ERCOT may enter into emergency conditions this afternoon…
April 8, 2021
The Public Utility Commission of Texas recently entered into a Rule 11 agreement with Luminant Energy Company LLC in which both parties agreed that, among other things, "The PUC has not prejudged or made a final decision on whether to reprice," the ERCOT market during any period of the recent…
April 7, 2021
During an open meeting today, Texas PUC Chairman Arthur C. D'Andrea directed Staff to propose for publication a rule change under which the "50 times FIP [fuel index price]" provision in the scarcity pricing rule would be eliminated
April 6, 2021
Vistra and its subsidiary, Electric Energy, Inc., are today announcing the retirement of the Joppa Power Plant by Sept. 1, 2022, three years earlier than previously disclosed.
April 5, 2021
ERCOT issued a market notice stating that, on April 1, 2021, Luminant Generation Company LLC ("Luminant") notified ERCOT that it is withdrawing the Notification of Suspension of Operations (NSO) for TRSES_UNIT6.
March 29, 2021
The majority of Texans do not support any fees for procuring reserve electricity capacity, according to a poll conducted by Hobby School of Public Affairs at the University of Houston in the aftermath of the recent winter storm
March 26, 2021
A Coalition of Competitive Retail Electric Providers (CCR) filed comments in support of a motion, filed by Exelon Generation, for rehearing of the Texas PUC's decisions February 15 and 16, 2021 which had the effect of setting ERCOT energy market prices at $9,000 per MWh during the winter weather…
March 25, 2021
In releasing new Seasonal Assessments of Resource Adequacy (SARA), ERCOT announced today that, "Based on information provided by generation owners to the Electric Reliability Council of Texas (ERCOT), the grid operator anticipates there will be sufficient generation to meet the summer 2021 peak…
March 23, 2021
The Texas Energy Association for Marketers (TEAM) in a new filing with the Texas PUC renewed its request for the PUC, "to enforce its February 16 emergency order ('Order') and protect Texas customers and their electricity suppliers from unauthorized $9,000/MWh pricing and the associated…
March 22, 2021
Vistra Proposes Increasing LCAP To Greater Of $4,500/MWh Or 50x Fuel Index For Rest Of 2021
In comments at the Public Utility Commission of Texas, Texas Industrial Energy Consumers (TIEC) has proposed replacing the low system-wide offer cap (LCAP) in ERCOT with an event-specific circuit breaker mechanism
March 19, 2021
The Supreme Court of Texas, in a 5-4 decision, has dismissed a case, brought on an interlocutory basis, concerning the question of ERCOT's sovereign immunity, as the Supreme Court found that the final judgment by a lower court rendered the interlocutory question moot, and that the proper avenue is…
March 18, 2021
Today, the Texas House of Representatives read for a first time, and referred to the State Affairs committee, SB 2142, a bill passed by the Senate that would order the PUC to re-price ERCOT wholesale power and ancillary services prices for the period beginning 11:55 p.m., February 17, 2021, and…
March 18, 2021
Exelon has sought rehearing of two Texas PUC orders, which Exelon alleged were not adopted in a lawful manner, in order to mitigate any uplift impacts arising from the Commission’s order
March 18, 2021
Texas Lt. Gov. Dan Patrick today called on Gov. Greg Abbott to order the Public Utility Commission of Texas to "correct" ERCOT prices for the period beginning 11:55 p.m., February 17, 2021, and ending 9 a.m., February 19, 2021
