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February 24, 2021
ERCOT issued a market notice stating, "On February 19, 2021, Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that were owed monies from ERCOT Settlement Invoices were short-paid as a result of the failure of GRIDDY ENERGY LLC 1 (QSE) and MQE LLC (QSE) to…
February 24, 2021
Young Energy, LLC d/b/a Payless Power requested on an emergency basis that the Public Utility Commission of Texas order the Electric Reliability Council of Texas (ERCOT) to deviate from its protocol deadlines and timing related to settlements, collateral obligations, and invoice payments and suspend…
February 24, 2021
ERCOT Reports Further Short-Payment Of Invoices, Nearly $30 Million
ERCOT issued a market notice concerning IDR Meter Settlements as follows.
February 24, 2021
During an ERCOT board meeting, ERCOT Staff said that it has not, as of this time, defaulted any retail electric providers since the recent weather event
February 23, 2021
ERCOT Ends Temporary Deviation From Protocol Deadlines & Timing Related To Settlements, Collateral Obligations, & Invoice Payments
February 23, 2021
Several Texas non-residential customers, which include several cities, (Coalition of Concerned Customers) have filed a letter with the Texas PUC in support of the previously reported request from the Texas Energy Association for Marketers (TEAM) which had asked the PUC to immediately instruct ERCOT…
February 23, 2021
Texas Governor Greg Abbott will deliver a televised statewide address on Wednesday, February 24th at 6:02 PM CT.
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February 22, 2021
Written by Thomas Pagnotta, Senior Portfolio Manager, Wood Mackenzie
The US central and southern plains experienced some of the coldest temperatures on record this past weekend, sending shockwaves through the Mid-Continent and Southern natural gas markets as spot prices reached as high as $1,250.00/mmbtu, (OnekOK). Prior to that day, the average settlement price for…
February 22, 2021
Pulse Power, LLC filed the letter republished below with the Texas PUC. Pulse's letter was dated Feb. 20
February 22, 2021
REP Urges ERCOT Not To Use Draconian Remedies
Consistent with previously reported direction from the Texas PUC, ERCOT said in a market notice today that it, "is temporarily deviating from Protocol deadlines and timing related to settlements, collateral obligations, and Invoice payments while prices are under review."
February 19, 2021
Exelon said in an 8-K that, "Beginning on February 15, 2021, Texas-based generating assets of Exelon Generation Company, LLC (Generation) within the Electric Reliability Council of Texas (ERCOT) market, specifically Colorado Bend II, Wolf Hollow II, and Handley, experienced outages as a result of…
February 19, 2021
The Texas Energy Association for Marketers filed an emergency request with the Texas PUC asking the PUC to immediately instruct ERCOT to remove, effective back to 1:05 a.m. on February 18, the administrative price adder which had been directed by the PUC to account for load shed, with ERCOT directed…
February 19, 2021
ERCOT said in a market notice that, "In an attempt to protect the overall integrity of the ERCOT market by mitigating the disruption of defaults, ERCOT is using its available discretion under the Protocols to adjust collateral for Counter-Parties (CPs) on a case-by-case basis, dependent upon the…
February 19, 2021
Patrick Woodson, CEO of Texas retail electric provider ATG Clean Energy Holdings, Inc. d/b/a Green Energy Exchange filed a letter with the Texas PUC, asking that the PUC re-price the hours since EEA 3 level conditions were declared on Feb. 15th through when EEA 3 was cancelled on Feb. 19 at 9 AM…
February 19, 2021
FERC has terminated Docket No. AD18-7, a proceeding addressing, "Grid Resilience in Regional Transmission Organizations and Independent System Operators."
February 19, 2021
Texas Governor Greg Abbott has declared a new emergency item for the current legislative session, in asking the Legislature to, "mandate the winterization of Texas' power system," and for the Legislature, "to ensure the necessary funding for winterization."
February 19, 2021
ERCOT exited emergency conditions this morning, with EEA1 terminated at approximately 10:35 a.m. local time
February 19, 2021
FERC has scheduled a technical conference on resource adequacy in the evolving electricity sector
February 19, 2021
FERC has vacated a prior footnote, in an order on the Minimum Offer Price Rule in the PJM capacity market, which had suggested that New Jersey's basic generation service (BGS) default service auction did not meet the PJM tariff exemption that holds that fuel-neutral SOS auctions do not trigger the…
February 19, 2021
ERCOT Reports Two Retail Providers Failed To Make Payment On A Settlement Invoice
February 18, 2021
ERCOT said in a Feb. 18 market notice that it has, "authorized the Transmission and Distribution Service Providers to restore all Load associated with the EEA that was declared on Monday, February 15, 2021."
February 18, 2021
A principal of a retail electric provider told EnergyChoiceMatters.com that chatter in the market is that there are 22 possible defaults of load serving entities in ERCOT due to recent prolonged scarcity pricing. The principal requested not to be named due to the sensitive nature of the information
February 17, 2021
Gov. Greg Abbott has ordered a prohibition on the export of natural gas from Texas by producers through Feb. 21
February 17, 2021
Vistra issued a news release today stating that of the company's nearly 19,000 megawatts of Texas capacity, only approximately 1,000 megawatts are currently not able to produce electricity; however, a larger, undisclosed amount of capacity -- while "able" to produce electricity -- was not currently…
February 17, 2021
Texas Governor Greg Abbott has declared the "reform" of the Electric Reliability Council of Texas (ERCOT) an emergency item this legislative session.
