HomeJuly 13, 2021
Texas PUC Chair: ERCOT Market Needs To Move Away From "Crisis-Based Business Model"
PUC Chair: Market Design Should Provide Financial Incentive For Reliability
Copyright 2021 EnergyChoiceMatters.com.
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
During testimony today before a Texas Senate committee hearing on the ERCOT market, Texas PUC Chairman Peter Lake said, "The [ERCOT] market needs to move away from a crisis-based business model."
Lake said that, under current market design, there's only a financial reward the closer you get to a crisis, which is not good for consumers
"We need to have a market design so that if you provide reliability, that's where the financial incentive is presented," Lake said
Reliability, "must be accompanied with accountability", Lake added, who said that, "We can't just throw money at existing assets."
Lake cited potential levers to achieve this market design as potentially including (but not limited to) a dual fuel ancillary services product, extended ancillary services (beyond 48 hours), and ORDC adjustments
You can follow specific tags with a free account and see their newest stories in one place. Sign up or sign in.
Copyright 2021 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com.
