This article is the introduction to a case study by DNV GL.
The energy landscape is rapidly changing, especially for Texas’s unique energy marketplace and electricity grid. New offerings, disruptive technologies, complex regulations and accompanying rule changes, and expanding offerings were instigating huge growth for ERCOT, the Texas ISO. In late 2012, ERCOT’s Board of Directors recognized that it needed to identify and respond to the transformative trends, challenges, and opportunities that are on the horizon, and ﬁ nd a way to meet them head on so they could achieve their dual mandate to ensure both reliability of the electricity grid and competitive markets.
ERCOT needed an advisor with deep industry expertise and insights to help develop a strategic plan with three business objectives:
- Assimilate the critical knowledge and experience of those that lead and advise ERCOT today with best practices that have been used outside Texas, contemplating the unique Texan approach to key challenges faced in the coming ﬁve years.
- Anchor the plan in achievable goals that will garner stakeholder and regulatory acceptance.
- Recognize that while the future is uncertain there are trends and forecasts that must be examined and anticipated to guide
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