Texas power market to start price floors Nov. 1, helping dispatchable resources
October 24, 2023 Comments Off
The Electric Reliability Council of Texas notified market participants Oct. 16 that price floors of $10/MWh and $20/MWh for its Operating Reserve Demand Curve go into effect Nov. 1, and will be triggered when reserves fall below 7 GW and 6.5 GW, respectively. Studies show this would mainly help dispatchable generation. The Public Utility Commission of Texas approved Oct 12…
Texas power market to start price floors Nov. 1, helping dispatchable resources
The Electric Reliability Council of Texas notified market participants Oct. 16 that price floors of $10/MWh and $20/MWh for its Operating Reserve Demand Curve go into effect Nov. 1, and will be triggered when reserves fall below 7 GW and 6.5 GW, respectively. Studies show this would mainly help dispatchable generation. The Public Utility Commission of Texas approved Oct 12…
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