February 19, 2021
ERCOT Exits Emergency Conditions, Ceases Pricing Adjustments
ERCOT exited emergency conditions this morning, with EEA1 terminated at approximately 10:35 a.m. local time
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February 19, 2021
FERC To Hold Technical Conference On Resource Adequacy In The Evolving Electricity Sector
FERC has scheduled a technical conference on resource adequacy in the evolving electricity sector
February 19, 2021
Texas Attorney General Issues Civil Investigative Demands To Retail Electric Provider, Several Generators, Other Companies
Texas Attorney General Ken Paxton today issued Civil Investigative Demands (CIDs) to ERCOT and other power companies, regarding power outages, emergency plans, energy pricing, and more related to this week’s winter weather disaster.
February 19, 2021
Update #2: Griddy Seeks Relief From ERCOT For Customers Exposed To Non-Market Pricing
ERCOT Reports Two Retail Providers Failed To Make Payment On A Settlement Invoice
February 18, 2021
ERCOT Authorizes TDSPs To Restore All Load Associated With Feb. 15 EEA; But EEA3 Condition To Remain Through Friday Morning Peak
ERCOT said in a Feb. 18 market notice that it has, "authorized the Transmission and Distribution Service Providers to restore all Load associated with the EEA that was declared on Monday, February 15, 2021."
February 18, 2021
REP Principal: 22 Possible Defaults From ERCOT Scarcity Pricing
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
February 17, 2021
Texas Gov. Orders Prohibition Of Natural Gas Exports Out Of State, Directs Towards Power Generation
Gov. Greg Abbott has ordered a prohibition on the export of natural gas from Texas by producers through Feb. 21
February 17, 2021
Vistra: Only 1,000 MW Of Its Texas Capacity Are Not "Able" To Produce Electricity
Vistra issued a news release today stating that of the company's nearly 19,000 megawatts of Texas capacity, only approximately 1,000 megawatts are currently not able to produce electricity; however, a larger, undisclosed amount of capacity -- while "able" to produce electricity -- was not currently…
February 16, 2021
Updated: Texas PUC Rescinds Prior Order That Past ERCOT Prices Be Corrected To Reflect Scarcity Pricing During Weather Event
The Texas PUC issued a further order on ERCOT pricing, and rescinded its prior directive that past ERCOT prices during the weather event be corrected to reflect scarcity pricing
February 15, 2021
Updated: Texas PUC Issues Emergency Order On Electricity Pricing
ERCOT issued a market notice (M-C021521-01) the evening of Feb. 15 explaining how ERCOT intends to implement certain directives under the PUC's order reported in our earlier story below
February 12, 2021
Southeast Utilities Submit Filing With FERC For Proposed "Advanced" Bilateral Market Platform
The Southeast Energy Exchange Market (SEEM) members have filed with the Federal Energy Regulatory Commission (FERC) for the approval of an automated, intra-hour energy exchange
February 2, 2021
El Paso Electric Commits To Joining Western Energy Imbalance Market in 2023
The California Independent System Operator (ISO) said that it has signed an implementation agreement with El Paso Electric (EPE) to join the Western Energy Imbalance Market (EIM) in 2023
February 1, 2021
Microsoft Forms Microsoft Energy
Microsoft recently formed Microsoft Energy LLC, which has applied for electric market-based rate authority at FERC
January 28, 2021
ERCOT Receives Notification of Suspension of Operations
ERCOT received a Notification of Suspension of Operations (NSO) for the following Generation Resource: Petra Nova Power I LLC - PNPI_GT2
December 16, 2020
Con Edison Selects Developer, Owner For 100 MW Battery Storage
174 Power Global and Con Edison today announced the signing of a seven-year dispatch rights agreement for the development of a 100-megawatt battery storage project: the East River Energy Storage System, in Astoria, Queens.
December 10, 2020
Retail Supplier Closes $15 Million Supply Facility
V3 Commodities Group Holdings, LLC ("V3") today announced that it has closed a $15,000,000 wholesale commodity supply and credit facility with Robison Energy (Commercial), LLC and Robison Energy, LLC (collectively, "Robison"), each a retail energy provider serving natural gas and electricity markets…
December 2, 2020
ERCOT Receives Notification of Suspension of Operations
ERCOT received a Notification of Suspension of Operations (NSO) for the following Generation Resource: Wharton County Generation, LLC – TGF_TGFGT_1
December 1, 2020
ERCOT Receives Notification of Suspension of Operations
ERCOT received a Notification of Suspension of Operations (NSO) for the following Resource: Luminant Generation Company LLC - TRSES_UNIT6
November 5, 2020
FERC Schedules Technical Conference On Credit Risk & Management Principles, Practices In RTOs
Capitalization, Financial Security Requirements
Staff of the Federal Energy Regulatory Commission (FERC) will convene a technical conference to discuss principles and best practices for credit risk management in organized wholesale electric markets, on February 25-26, 2021
October 26, 2020
Texas ALJ Would Order ERCOT To Provide Remedy To QSEs To Improperly Charged PTP Obligations, Implicates Potential Uplift To Market
A Texas ALJ, in a proposal for decision, would find that ERCOT violated ERCOT Nodal Protocols §§ 4.4.6 and 4.5.1(13) when it issued the resettlement statements forcing DC Energy Texas, LLC and Monterey TX, LLC to pay for point-to-point (PTP) obligations in the day-ahead market (DAM) at prices more…
October 23, 2020
New Tax Rule Impacting ERCOT, Related To Collection Or Issuance Of Resale Certificates, Takes Effect
ERCOT informed market participants that, on October 13, 2020, an amendment to a Texas Comptroller of Public Accounts rule impacting the ERCOT market went into effect.
October 15, 2020
New England Governors Call For "Reform" Of ISO New England Market Design
Connecticut Governor Ned Lamont, Maine Governor Janet Mills, Massachusetts Governor Charlie Baker, Rhode Island Governor Gina Raimondo, and Vermont Governor Phil Scott are calling for reform of the regional electricity market design, transmission planning process, and the governance of the ISO-New…
October 2, 2020
ERCOT Receives Notification of Suspension of Operations
ERCOT received a Notification of Suspension of Operations (NSO) for the following Resources: South Texas Electric Cooperative Inc. - RAYBURN_RAYBURG1 and RAYBURN_RAYBURG2
October 2, 2020
State House, Senate Pass Bill Authorizing Regulator To Order Retail Suppliers To Pay Restitution To Customers
The Connecticut House and Senate have passed H.B. No. 7006 which empowers the Connecticut PURA to order retail electric suppliers to pay restitution to customers or to pay a combination of a fine and restitution
September 22, 2020
ERCOT Receives Notification of Suspension of Operations
ERCOT received a Notification of Suspension of Operations (NSO) for the following Generation Resource: Petra Nova Power I LLC - PNPI_GT2