March 24, 2023
ERCOT Receives Notification of Change of Generation Resource Designation
ERCOT said in a market notice that, on March 24, 2023, ERCOT received a NCGRD for the following Generation Resource: CPS Energy (CALAVERS_JTD1, CAVALERS_JTD2)
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March 23, 2023
Substitute Texas Senate Bill Removes Proposed 20% Market Share Cap On REPs; Would Add "Protections" Against Gentailers In Any PCM Market
A committee substitute has been filed for Texas SB 2012, which, as originally filed, would have implemented a 20% market share cap on retail electric providers, on a corporate-wide basis
March 9, 2023
Texas Senate's ERCOT Market Reforms: New Reliability A/S Required To Be Purchased By LSEs; Allocation Of A/S To LSEs, Generators
Below is a summary of bills backed by the Texas Lt. Gov. and a group of both Republican and Democrat senators to address ERCOT market reform and winter storm Uri
March 7, 2023
Texas PUC Staff Issues Questions Concerning Development Of Reliability Standard: Locational, Deliverability, Metrics
Staff of the Texas PUC issued a list of questions for public comment concerning development of a reliability standard
February 27, 2023
Capacity Prices Fall In Most Of PJM For 2024-25, DPL-South Still Sees Nearly 30% Spike
PJM has posted results from its base residual auction for capacity (BRA) under the reliability pricing model (RPM) for the 2024-25 delivery year
February 15, 2023
Texas PUC Commissioner Seeks Study On VOLL, Also Says PUC Must Consider Deliverability And Regionality
Texas PUC Commissioner Will McAdams filed a memo concerning consideration of establishing a reliability standard for ERCOT, and, among other things, said that a study should be conducted concerning Value of Lost Load (VOLL)
January 19, 2023
Texas PUC "Adopts" Performance Credit Mechanism, Obligation For REPs; Won't Implement Immediately, Will Defer To Legislature
PUC Chair: PCM May Help Separate The "Wheat From The Chaff" Among REPs, Calls Some REPs Fly-by-Night
The Texas PUC voted to "adopt", without immediate implementation, a performance credit mechanism (PCM) for the retail market, which will require REPs to procure, through a centrally cleared mechanism, performance credits (PC)
January 12, 2023
Affiliate Restrictions Raised By Texas PUC Commissioners In Discussing Resource Adequacy, Market Power, PCM
During a discussion at today's Texas PUC open meeting concerning ERCOT market design, including a proposed Performance Credit Mechanism (PCM), several Commissioners raised the issue of affiliate restrictions when discussing market power concerns
January 10, 2023
Texas Gov. Says PUC Must Give Performance Credit Mechanism "Strong Consideration", Says PUC Should Also Adopt "Bridge" Solution
Texas Gov. Greg Abbott submitted a letter to the Texas PUC concerning ERCOT market design urging "strong consideration" of the Performance Credit Mechanism, while also favoring a "bridge" solution
December 26, 2022
Several Regulated Utilities, Outside Of RTO, Implement Rotating Outages Due To Inadequate Electricity Supply
Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP) announced, in a Dec. 24 news release, that, "the company is implementing load shedding steps that include interruptions in service," due to, "extreme cold temperatures and subsequent demand for power," and there not being enough electricity…
December 15, 2022
Texas Retail Provider: PCM Design Includes "Crap Shoot" Element
Texas stakeholders filed comments at the PUC on a proposed novel Performance Credit Mechanism [PCM] as a means to achieve ERCOT reliability
December 14, 2022
Group Of Independent Texas Retail Providers & Shell Join Large Customers, Brokers, And NOIEs In Proposing New Ancillary Service To Address ERCOT Reliability, Instead Of PCM
A group of independent Texas retail electric providers are among the members of the Coalition for Dispatchable Reliability Reserve Service, a group that is proposing a Dispatchable Reliability Reserve Service (DRRS) (built on the Uncertainty Product advocated by the ERCOT IMM) as the best mechanism…
December 2, 2022
Texas Senate Business & Commerce Chair, Vice Chair & 7 Senators Tell PUC Not To Implement PCM, Or Other Holistic Market Re-designs, Without Further Legislative Consultation
Nine Texas state Senators, including Charles Schwertner and Robert Nichols, Chair and Vice Chair (respectively) of the Senate Committee on Business & Commerce, sent a letter to the PUC Chair and Commissioners informing the PUC that any holistic market design change, including the Performance Credit…
November 29, 2022
New ERCOT Winter SARA Report Forecasts Avoidance Of Load Shed Under Most Scenarios
ERCOT posted its November 2022 Report on the Capacity, Demand and Reserves in the ERCOT Region and its Winter 2022-2023 Seasonal Assessment of Resource Adequacy (SARA) Report
November 17, 2022
TEAM Tells Texas Senate That REPs Won't Know PCM Costs When Entering Into Contracts With Customers
During a Texas Senate committee hearing, Catherine J. Webking, representing the Texas Energy Association for Marketers, alluded to retail pricing challenges REPs will face under a proposed Performance Credit Mechanism (PCM) for the ERCOT market, which would allocate costs of newly created…
November 10, 2022
Update 2: Texas PUC Chair: PCM Requires Retail Providers To "Guarantee" Power Sold To Customers Is "From A Reliable Source"
Chair: Concerns About Existing Non-competitive Behavior In Non-Spin Should Be Addressed As Quickly As Possible
October 26, 2022
Report: Load Serving Entity Obligation Would, "Significantly Strain The Competitive Retail Market," In ERCOT
Load Serving Entity Obligation Has Highest Cost, Least Reliability Benefits, Report Says
The Consumer Fund of Texas has filed with the Texas PUC an Assessment of ERCOT Market Structural Changes, prepared for the group by ICF Resources, LLC
September 28, 2022
ERCOT Reports RFP Awards, Cost Under New Firm Fuel Supply Service Procurement
ERCOT reported results from the first procurement of the new reliability product, Firm Fuel Supply Service (FFSS).
September 22, 2022
Developer Announces Financial Closing Of 480 MW Of Dispatchable Generation In ERCOT
WattBridge Energy, LLC announced financial closing for 480 MW of "firm dispatchable generation" in ERCOT.
September 13, 2022
ERCOT Generating Units To Return To Year-Round Service From Seasonal Mothball Status
ERCOT said in a market notice that it received a Notification of Change of Generation Resource Designation (NCGRD) for Gregory Power Partners LLC, for the following Generation Resources:
September 6, 2022
ERCOT Posts Fall Seasonal Assessment Of Resource Adequacy
The ERCOT region is expected to have sufficient installed generating capacity to serve peak demands in the upcoming fall season, October – November 2022, under normal system conditions, ERCOT said in a fall Seasonal Assessment of Resource Adequacy (SARA)
July 25, 2022
Illinois Orders Ameren To Conduct Study Of Continued MISO Membership, If MISO A "Good Fit" For Retail Choice
The Illinois Commerce Commission ordered Ameren Illinois to conduct an analysis and study of its continued membership in the Midcontinent Independent System Operator (MISO)
July 11, 2022
ERCOT Issues Watch For Projected Reserve Capacity Shortage, Issues Conservation Appeal
With extreme hot weather driving record power demand across Texas, the Electric Reliability Council of Texas (ERCOT) on July 10 issued a Conservation Appeal, asking Texans and Texas businesses to voluntarily conserve electricity, Monday, July 11 between 2-8 p.m.
July 7, 2022
ERCOT Anticipates High System Demand July 8-11, Notes TCEQ Enforcement Discretion
ERCOT issued a market notice stating that, "ERCOT anticipates high system demand tomorrow, July 8, 2022, through Monday, July 11, 2022, due to extreme hot temperatures across the ERCOT region."
July 5, 2022
ERCOT Receives Notification of Suspension of Operations
On July 1, 2022, ERCOT received a Notification of Suspension of Operations (NSO) for the following Generation Resource: GEUS (STEAM1A_STEAM_1)