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March 17, 2021
Texas Attorney General Ken Paxton has issued an opinion finding that re-pricing the ERCOT market is within the Texas PUC's authority and does not raise constitutional concerns if such action furthers a compelling public interest
March 17, 2021
ERCOT issued a market notice stating that it would seek board approval for a price "correction" for Feb. 15, with ERCOT stating that the change to the Real-Time On-Line Reliability Deployment Price Adder that results from correcting the "errors" ranges from an increase of $0.01/MWh to an increase of…
March 16, 2021
Texas House Speaker Says Continued ERCOT Pricing At $9,000 Was Not An "Error"
Lt. Gov. Dan Patrick told Senators during session today that he received a statement from Speaker of the House of Representatives Dade Phelan that Patrick said informed the Senate that the House will not take up SB 2142, a bill passed by the Senate that would order the PUC to re-price ERCOT…
March 16, 2021
Texas Lieutenant Governor Dan Patrick has formally asked Texas Attorney General Ken Paxton for a legal opinion on the authority of the Public Utility Commission of Texas to issue orders affecting pricing for the wholesale electricity market and ancillary services
March 16, 2021
Tenaska has proposed an amendment to the ERCOT re-pricing bill, SB 2142, recently passed by the Senate to address the ability of ERCOT to recoup money from entities who were already paid by QSEs
March 15, 2021
The Texas Senate has approved SB 2142, a new bill just filed today, 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 ending 9 a.m., February 19, 2021
March 12, 2021
Texas REP Says PUC Should Assign Any Market Uplift To Generators
Exelon Generation Company, LLC (Exelon) moved for rehearing of the Texas PUC's orders from February 15 and 16, 2021 which had the effect of setting ERCOT energy market prices at $9,000 per MWh during the winter weather event
March 12, 2021
Adam Sinn, of Aspire Power Ventures, LP, filed a letter with the Texas PUC stating that, "I believe that an objective review of the relevant facts supports the Commission’s February 15th Order that retroactively raised prices to the cap for operating day February 15 and maintaining those prices at…
March 12, 2021
In response to further calls from Lt. Gov. Dan Patrick that the Texas PUC should re-price the ERCOT market due to what Patrick says are "errors" in the pricing during the winter weather event, Texas Governor Greg Abbott said that the PUC is not able to provide Patrick's sought relief.
March 12, 2021
CPS Energy announced that it filed suit against the Electric Reliability Council of Texas (ERCOT) in Bexar County District Court in what CPS described as a move, "to protect its customers from excessive, illegitimate and illegal prices."
March 12, 2021
Slate Of Bills Includes Ban On Real-time Wholesale Pass-Through Retail Electric Products
March 12, 2021
The Texas PUC adopted an order which directs ERCOT to extend certain deadlines in, and grants an exception to, relevant sections of the ERCOT Nodal Protocols to grant more time for market participants to file a dispute of invoice and settlement statements
March 11, 2021
IMM Revises Amount Of Alleged "Error" To Be $5.1 Billion (Takes Into Account Netting, Day-Ahead Positions)
March 11, 2021
During a hearing of the Texas Committee on Jurisprudence, Texas PUC Chairman Arthur C. D'Andrea agreed that the ERCOT weather event was an, "unusual circumstance," but maintained that continued pricing at the $9,000 cap after residential load shed ended was not a "mistake", and that a cited section…
March 10, 2021
Tenaska Energy, Inc. filed comments at the Texas PUC and to Chairman Arthur D'Andrea suggesting measures that the PUC could undertake to reduce certain risks associated with re-pricing, as Tenaska stated that, "We understand that repricing consistent with the Independent Market Monitor's…
March 10, 2021
Texpo Power LP d/b/a Texpo Energy filed further comments at the Texas PUC concerning ERCOT invoices resulting from the recent weather event, drawing attention to, in particular, concerns about Unaccounted for Energy (UFE) calculations by ERCOT
March 10, 2021
28 State Senators Ask PUC To Correct Prices
Texas Governor Greg Abbott declared the, "correction of any billing errors related to the Electric Reliability Council of Texas (ERCOT)," as an emergency item for the 87th Legislative Session.
March 9, 2021
On Tuesday, March 9, 2021, ERCOT revoked all rights of POWER OF TEXAS HOLDINGS INC to conduct activity under the ERCOT Protocols due to its failure to designate a new Qualified Scheduling Entity (QSE) or qualify as an Emergency QSE pursuant to the ERCOT Protocols.
March 9, 2021
ERCOT said in a market notice that the release date for the Final Spring and Preliminary Summer "Seasonal Assessment of Resource Adequacy" (SARA) reports has been changed from March 11 to March 25, 2021.
March 9, 2021
New Retail Electric Provider Listed In Latest ERCOT Short-Pay Notice
Alliance Power Company said that it has paid the invoices
March 8, 2021
ERCOT said that the following short-paying Invoice Recipients have, to date, paid amounts owed: City of Garland GridPlus Texas Inc. Heritage Power LLC Volt Electricity Provider LP Wolverine Trading LLC
March 8, 2021
Texas Lt. Gov. Dan Patrick on March 8 called on the Texas PUC and the Electric Reliability Council of Texas (ERCOT), "to correct the emergency pricing error that continued after the power shortage had ended and the major threat to the Texas grid had passed."
March 5, 2021
ERCOT issued a short payment notice related to Settlement Invoices due for payout on March 5, 2021
March 5, 2021
During today's open meeting, in response to a public comment about the recent weather event and outages, Texas PUC Chairman Arthur C. D'Andrea said that his "current view" is that, "a capacity market would not have helped us here."
March 5, 2021
The Texas PUC today decided not to re-price ERCOT energy market prices from the recent weather event, but did not act on petitions to re-price ancillary services (AS), and will further consider the AS issues
