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 • firstname.lastname@example.org
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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.
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