October 23, 2013
Texas Capacity Owners Misstate Position of Independent Market Monitor in Pushing for Capacity Market
By Paul Ring • ring@energychoicematters.com
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October 21, 2013
GDF SUEZ Proposes Increasing ERCOT Value of Lost Load to $25,000 due to Use of Cumulative Distribution Function in Operating Reserves Demand Curve
GDF SUEZ Energy North America, Inc. has proposed increasing the Value of Lost Load (VOLL) used to create the Operating Reserve Demand Curve (ORDC) in ERCOT due to what GDF called "unintended consequences" of the use of the cumulative distribution function to design the curve.
October 16, 2013
Texas Commissioner: Answer on Resource Adequacy Expected Very Early Next Year
Testifying before a Texas Senate hearing yesterday, Texas Public Utility Commissioner Brandy Marty said that an answer on Texas' resource adequacy questions, particularly whether a reserve margin should be mandated, should be expected by very early next year.
October 11, 2013
Briefly
ERCOT Issues Final RMR Determination for Luminant Unit
October 11, 2013
Electric Markets Research Foundation Releases Initial Report and Intends to Study Resource Adequacy -- Gets ERCOT Offer Cap Wrong
The Electric Markets Research Foundation released its initial publication, a report by Navigant Consulting, Inc. comparing the development of traditionally regulated electricity markets with more recent restructured power markets often accompanied by retail customer choice.
October 10, 2013
Report: Correcting for Load Forecast Errors "Debunks" Myth ERCOT Facing Resource Adequacy Shortage
"A more accurate assessment of the [peak load] data ... has debunked the notion that Texas needs to adopt a capacity market with subsidies to generators as high as $4 billion a year," the Texas Public Policy Foundation said in a report examining persistent over-forecasting of load in the ERCOT CDR…
October 9, 2013
Texas Energy Consultant Details Innovative Generation Development Under Current Market Design (Says Potential Market Changes _Slowing_ Development)
The following is a letter from Jeff Nottingham, an energy economist with Verdigris Energy LLC and a veteran of the ERCOT market, to EnergyChoiceMatters.com concerning recent generation development in ERCOT, and innovative technologies to reduce the cost of new build, all of which are occurring under…
October 9, 2013
Koch Energy Services Subsidiary to Acquire Texas Power Plant
A Koch Energy Services, LLC subsidiary has entered into an agreement with affiliates of Energy Capital Partners, LLC to acquire a natural gas combined cycle electric power generating facility in Odessa, Texas.
October 9, 2013
Texas Market Monitor: "Not Sure" Any Capacity Market a "Good Facilitator" of Decision to Invest
"I'm not sure any capacity market is really a good facilitator of the actual decision to invest [in new capacity]," Dr. David Patton, President of Potomac Economics, ERCOT's Independent Market Monitor, said during a Texas workshop on resource adequacy yesterday.
October 8, 2013
Texas REP Seeks to Mandate $2 Million Shareholders' Equity, $1 Million Letter of Credit for Certification as REP
GDF SUEZ Energy Resources NA, Inc. has recommended that the Public Utility Commission of Texas require, for certification as a REP, $2 million in shareholders' equity plus a $1 million, or more, letter of credit
October 7, 2013
Texas TDUs: Retail Electric Provider Capital Requirements Should Be Raised, If There Are Additional Risks in Market
The capital requirements of Texas retail electric providers should be increased if changes to the ERCOT market, specifically higher system-wide offer caps, impose increased risks on REPs, several transmission and distribution utilities told the Public Utility Commission of Texas.
October 4, 2013
Texas Seeks Comment on Inclusion of Emergency Response Service in Available Operating Reserves (Impacts Price Adder)
The Public Utility Commission of Texas will accept comments on an issue regarding implementation of an Operating Reserves Demand Curve raised by CPS Energy.
October 4, 2013
Priorities: With 30 States Having No Electric Choice, Compete Coalition Decides to Air Ads in -- Texas?? (Compete "Reliability" Radio Ads Warn of Texas "Power Shortages")
There's some 30 states in the United States which offer customers no electric choice, and a handful more that severely limit electric choice, so it's only natural that the Compete Coalition, an organization which, "support[s] well-structured competitive electricity markets for the benefit of our…
October 3, 2013
After Two Years, Texas Switch Holds Remain About 1% of Residential ESI IDs
More than two years after the introduction of switch holds to the ERCOT market, the number of switch holds applicable to residential customers in ERCOT as part of entering into a deferred payment plan remain about 1% of residential ESI IDs in ERCOT.
October 1, 2013
Briefly
ERCOT Receives NSO for AES Deepwater Units
October 1, 2013
ERCOT Protocol Revision Filed to Shorten Settlement Timeline to Five Days
The ERCOT Commercial Operations Subcommittee and the Communications and Settlements Working Group have filed Nodal Protocol Revision Request (NPRR) 570 to reduce the real-time settlement timeline to five days after the operating day.
September 30, 2013
Texas QSE to Pay $30,000 to Settle NSRS Non-Performance
EDF Trading North America, LLC would pay $30,000 under a settlement with Staff of the Public Utility Commission of Texas to resolve EDF's alleged failure to adhere to ERCOT Protocol §8.1.1.4.3(3)(b), related to non-spinning reserve service (NSRS) energy deployment criteria on March 9, 2012 and March…
September 27, 2013
Texas Staff Proposes Assessments on REPs to Fund Broadcasting of PUCT Meetings
Staff of the Public Utility Commission of Texas have proposed annual assessments on certain retail electric providers to fund the public online broadcasting of Commission meetings, consistent with statute.
September 25, 2013
ERCOT Board Approves Loads in SCED Protocol
Some electricity consumers could participate more actively in the Texas electric market in the future, following actions by the Electric Reliability Council of Texas Board of Directors at its Sept. 17 meeting, ERCOT said yesterday
September 24, 2013
TIEC: New Generation Being Built in Texas Belie Claims of Impending Disaster
"Despite the claims of a few incumbent generators, there is no impending disaster or reliability emergency requiring radical action," Texas Industrial Energy Consumers said in comments to the Public Utility Commission of Texas.
September 24, 2013
Texas Customers Universal in Opposition to Mandated Reserve Margin, Capacity Market
Texas customers filing comments yesterday at the Public Utility Commission of Texas were universal in their opposition to a mandated reserve margin.
September 24, 2013
Parent of Texas REP Says Electricity "Essential Part of Life", Texans "Deserve Electric Service 100% of the Time" (Will REP Cease Disconnects for Non-Pay?)
The parent of a Texas retail electric provider, in a push for a mandated reserve margin and centralized capacity market, has said that electricity is, "an essential part of life," and therefore, "Texans expect and deserve electric service 100% of the time " (emphasis added).
September 23, 2013
ERCOT Delays Implementation of NPRR 416, Creation of the RUC Resource Buyback Provision
ERCOT said in a market notice that it has identified a potential problem with the implementation of NPRR 416, Creation of the RUC Resource Buyback Provision, which is scheduled for release this week.
September 20, 2013
Briefly
ERCOT Issues Proposed Protocol Language for Operating Reserves Demand Curve
September 20, 2013
Texas Mandated Reserve Margin, Capacity Market Would Be Inconsistent With Governor's Competitiveness Council, State Energy Plan
Adopting a mandated reserve margin in Texas, and the attendant mandatory capacity obligation, would be inconsistent with the vision of Governor Rick Perry's Competitiveness Council and specifically the Competitiveness Council's State Energy Plan.