PUC Formally Issues Proposal To Lower ERCOT Price Cap, $4,500 Proposed

The Texas PUC formally issued for comment a proposal for publication that would lower the high system-wide offer cap in ERCOT to $4,500 per MWh, from the current $9,000 per MWh, by January 1, 2022

As previously reported, the $4,500 per MWh was selected to generate stakeholder discussion

Commissioners reiterated that the intent is to adopt the changes prior to the winter season while broader market design changes continue to be developed. As such, the instant accelerated rulemaking is intended to discretely address the level of HCAP

PUC Chairman Peter Lake stressed that the PUC continues to review a host of broader ERCOT market changes

Project No. 52631