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Europe: +44 (0) 207 198 1634 March 14, 2024 What is happening? On the last day of February, AEP filed a request to adjust delivery rates with the Texas PUC under proceeding 56165. The filing is part of a normal process where rates are regularly reviewed and adjusted based on changes in costs to operate the utility delivery system and the […]
February 21, 2024 – What is happening? Starting about a decade ago, the U.S., including Texas, began moving toward a greener electric generation environment promoted by government policy, including financial incentives for building renewable generation. The consequence was that coal plants were shuttered, and there was no investment in dispatchable generation, with all the investment […]
January 1, 2024 ERCOT 4CP Seasonal Review The 2023 ERCOT 4CP Season, which ended on the last day of September, witnessed ERCOT demands rising sharply and eclipsing 80,000 MWs in all months for the first time ever. On Thursday, August 10th, ERCOT system demand reached over 85,000 reaching 85,636 MWs to set a new all […]
September 6, 2023 – Earlier this year, the Electric Reliability Council of Texas (ERCOT) rolled out a new daily procured ancillary service designed to help maintain transmission grid stability, but it also increases costs. ERCOT Contingency Reserve Service (ECRS) As part of a more considerable expansion of grid services and tools available to ensure a […]
May 8, 2023 – ERCOT released its 2023 summer Seasonal Assessment of Resource Adequacy (SARA) report on May 3rd, a combination of rose-colored glasses and doom and gloom.
May 5, 2023 – If you are a City of Lubbock LP&L customer, you have likely heard about the upcoming transition to the competitive energy markets. Below is a quick update on the transition, which has experienced a slight delay.
ERCOT projects reserve margins to be 10-18% over the next five years with the improvement between Summer 2020 and Summer 2021 primarily attributed to the near 5,000 MW of solar capacity and 700 MW of new wind capacity expected to come online.
Several coal- and natural gas-fired power plants are shutting down in Texas within the next year. This is expected to drop ERCOT’s reserve margin below their target threshold, which board members are expecting will strengthen power prices in the coming years. Recently announced planned retirements of 4,500 MW of generation capacity in the Electric Reliability […]
Equities and the Economy: • Nasdaq back to its winning ways. • Housing market still on fire. The Dow and S&P 500 ended little changed on Friday with the former slipping 3 points to 21,385 and the latter rising 4 points to end at 2,438. The Nasdaq, which had a flash crash earlier this month, […]
A perfect storm is brewing in New England and California The Aliso Canyon natural gas leak, unexpected lower generation capacity, and warmer than anticipated weather could threaten reliability and strain electricity grids. One way to avoid high prices resulting from the increased demand is to sign up for Tradition Energy’s Coincident Peak Alert Notifications. Natural […]
