October 31, 2012
Source Power & Gas Launches Residential Service
Source Power & Gas announced that it has begun offering residential electricity in all competitive areas of ERCOT, in addition to its previously launched commercial service.
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October 30, 2012
ERCOT Issues RMR Determination for S.R. Bertron Units
ERCOT has completed its review of several units at S.R. Bertron which had submitted a notification of suspension of operations and found that the units are not required to support ERCOT system reliability.
October 26, 2012
Texas to Revisit Retail Electric Provider Certification Requirements
The Public Utility Commission of Texas said yesterday that it would revisit the certification requirements of retail electric providers.
October 26, 2012
Texas Approves Increase in ERCOT Offer Cap to $9,000
The Public Utility Commission of Texas has approved a series of increases in the ERCOT high system-wide offer cap (HCAP) starting June 1, 2013, with the cap eventually reaching $9,000/MWh.
October 24, 2012
Texas Capacity Owners: Capacity Market Offer Floor Not Needed -- Until Later (When Less Controversial)
Eager to have their desired mandatory capacity market meet the Public Utility Commission of Texas' approval, several capacity owners in ERCOT said that they agree with Brattle's recommendation that a Minimum Offer Price Rule (offer floor) would not be required in ERCOT's capacity market, before…
October 24, 2012
Texas Industrials Eviscerate Brattle Resource Adequacy "Analysis"; Report Favoring Capacity Market Called "Misleading," "Anti-Market"
The Brattle Group presentation on "composite" resource adequacy alternatives filed with the Public Utility Commission of Texas on October 19, 2012, "does not accurately capture or meaningfully evaluate the various stakeholder proposals that support an energy-only market, including the backstop…
October 24, 2012
ERCOT Reserve Margin Projected Above or At Target Through 2017, When Including Available Mothballed Generation
ERCOT is projected to exceed or meet the target reserve margin through 2017 when including available mothballed capacity not included in the Capacity, Demand and Reserves report, the Texas Industrial Energy Consumers said in comments to the Public Utility Commission of Texas
October 23, 2012
ERCOT: Revised Load Forecast, Start-Date of Announced Units Could Push 2014 Reserve Margin Above Minimum Target
The ERCOT reserve margin in 2014 could exceed 13.75% based on updated load forecasts, reflecting more recent economic data, and the specific start dates of several new announced units scheduled to come online in 2014, ERCOT informed the Public Utility Commission of Texas.
October 23, 2012
ERCOT: Brattle Omits "Critical" Implementation Steps for Market Design Changes; Says Cannot Endorse Brattle's Six-Month Estimate Absent Specific Design
In developing its composite proposals on resource adequacy in Texas, Brattle omitted "critical" steps required for implementation of any "significant change" in market structure, ERCOT said in comments to the Public Utility Commission of Texas yesterday.
October 22, 2012
Briefly
Broker Texzon Utilities, NEUTEX LED Lighting Enter Reseller Agreement
October 22, 2012
Brattle Would Allow Texas Resources Subsidized by Customers to Earn Inframarginal Energy Revenues Without Clawback
The Brattle Group's recommended design for a Texas mandatory capacity market would allow capacity resources whose fixed costs are subsidized by Texas ratepayers to fully earn scarcity, inframarginal energy market revenues without being subject to any clawback or offset.
October 18, 2012
Texas Retail Provider to Offer Prepaid Service
10K Energy LLC d/b/a Mission Power has filed with the Public Utility Commission of Texas a statement of intent to provide retail electric services using a customer prepayment device or system.
October 17, 2012
Texas Electricity Ratings Updates REP Scoring, Tie for Top Spot
Website TexasElectricityRatings.com has updated its ranking of ERCOT retail electric providers, and Champion Energy and Bounce Energy have tied with the highest score.
October 12, 2012
PUCT's Pablos: Energy-Only Market "Has Not Failed," and "Is Not Broken"
"For the benefit of the public, please allow me to remind us all that our energy-only market design has not failed us to date and is not broken," Commissioner Rolando Pablos of the Public Utility Commission of Texas said in a memo regarding resource adequacy in advance of today's open meeting.
October 8, 2012
Texas Staff Propose Revisions to Ensure Disgorged Revenues Reach Retail Customers
Staff of the Public Utility Commission of Texas have filed a recommended proposal for adoption to implement HB 2133, concerning the disgorgement of excess revenues resulting from a violation of PURA or administrative rule or protocol (40073).
October 5, 2012
Texas Commission Revokes Retail Electric Provider's Certificate
The Public Utility Commission of Texas revoked the certificate of TexRep7, LLC d/b/a Saturn Power, LLC in a default order.
October 4, 2012
Calpine to Acquire 800 MW Plant in Texas
Calpine Corporation announced this morning that it has agreed to purchase an 800 megawatt power plant in Central Texas owned by Bosque Power Co., LLC, for $432 million plus adjustments, or approximately $540 per kilowatt.
October 4, 2012
Mothballing of SR Bertron Units Again Shows Subsidization of Certain Retail Providers Will Occur Under a Texas Capacity Market
NRG Texas Power LLC has filed a Notification of Suspension of Operations with ERCOT for several of the units at its SR Bertron facility, namely, units G1, G2 and GT2.
October 1, 2012
Brattle Group to Prepare Composite Resource Adequacy Policy Alternatives for Texas
The Brattle Group is to prepare for ERCOT and the Public Utility Commission of Texas an estimate of demand response achievable in the market and two "composite" detailed policy alternatives to address resource adequacy, one that highlights the major components of an energy-only option, and one that…
September 28, 2012
Flash: Texas Defers Action on Wholesale Price Caps to Harmonize with Other Potential Market Changes
The Public Utility Commission of Texas this morning elected not to act, at this time, on a proposal for adoption that would raise the ERCOT high system-wide offer cap to $9,000/MWh effective June 1, 2015, as commissioners believed that any change in the offer cap should be made in concert with…
September 27, 2012
Priority Power Management Files White Paper on ERCOT West Zone Congestion Solutions
Priority Power Management, LLC filed a white paper with the Public Utility Commission of Texas offering further proposals to address West Zone congestion in ERCOT.
September 25, 2012
$9,000 Price Cap Would Have Yielded More Than Three Times Annualized Fixed Costs of New Peaker in 2011, ERCOT Backcast Shows
Had a $9,000/MWh high system wide offer cap been in place in ERCOT during 2011, peaker net margin would have been approximately three times the annualized fixed costs of a new gas-fired peaking unit, when not considering the triggering of a reduction in the high cap from reaching peaker net margin…
September 24, 2012
Texas Staff File Allocation of PUCT Broadcast Costs to Retail Providers
Staff of the Public Utility Commission of Texas have filed a proposed allocation of the costs of broadcasting PUCT meetings online to retail electric providers, and various other entities subject to Commission jurisdiction, consistent with PURA § 12.204.
September 24, 2012
Texas Staff Proposal for Adoption Would Raise ERCOT Price Cap to $9,000
Staff of the Public Utility Commission of Texas have filed a recommended proposal for adoption which would raise the ERCOT high system-wide offer cap (HCAP) to $9,000 per MWh effective June 1, 2015.
September 20, 2012
ERCOT Report Shows Sufficient Capacity Two-Years Out Using New Plant Announcements, Additional Mothballed Capacity
ERCOT has filed a report with the Public Utility Commission of Texas that, using a baseline of the May 2012 Capacity, Demand and Reserves (CDR) report, projects future reserve margins given several announced new generating plants not included in the May CDR report, as well as including additional…