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Texas Energy Association for Marketers Files Emergency Request Asking Texas PUC To Correct Wholesale Prices To Remove PUC-Directed Administrative Price Adder As of Cessation Of Load Shed On Morning Of Feb. 18

TEAM Notes PUC Had Ordered Adder To Account For Load Shed, But Adder Continued After Load Shed Ceased

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…

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ERCOT Says It Will Use "Available Discretion" To Adjust Counter-Parties' Collateral Case-by-Case, To Mitigate Disruption To Market Which Would Otherwise Occur From Defaults

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…

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Texas REP Asks PUC To Re-Price Scarcity Prices Since Feb. 15 To $1,500 For Energy, $500 For Ancillary Services

REP: "Competition Will All But Cease To Exist" From Largest Failure Of Retail Providers Ever Seen, Absent PUC Action

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…

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REP Principal: 22 Possible Defaults From ERCOT Scarcity Pricing

CEO Of Another Retail Provider Seeks Relief From PUC, Recounts Strain From Wholesale Pricing, Generator Unavailability

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

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Noting Potential For "Substantial" Impact From Balancing Power Supply At Very High Clearing Prices Due To ERCOT Weather Event, Just Energy Announces Delay in Filing Financial Statements, Application For Management Cease Trade Order

Just Energy Group Inc. announced today that it will miss its filing deadline of February 16, 2021 to file its unaudited interim condensed consolidated financial statements for the three and nine months ended December 31, 2020 (the 'Interim Financial Statements'), its management discussion and…

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ERCOT News (Page 34) | EnergyChoiceMatters.com