The ERCOT power market has weakened significantly between 2014 and 2017, with power prices dropping to unsustainably low levels and crippling profitability for generators.
A wind-generation record in the Lone Star State
Editor’s note: The following discussion on wind power’s success in the state of Texas was compiled by Karl Cates, IEEFA’s director of media relations, and Seth Feaster, an IEEFA data consultant. The IEEFA (Institute for Energy Economics and Financial Analysis) conducts research and analyses on financial and economic issues related to energy and the environment. The original posting…
Building a framework for ERCOT’s next five years
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…
Genscape’s acquisition of Energytics drives new ERCOT congestion revenue rights opportunities & insights service
Genscape’s Monthly Report provides analytics to identify actionable trading & hedging strategies & more granular visibility into the future flow & price of power using congestion analysis & market expertise Genscape’s newest power market analytics service extends the company’s analytics and information capability beyond its traditional real-time to short-term focus by now offering market participants…
U.S. wind industry breaking electricity grid records, thanks to transmission upgrades and new project development
Wind energy is breaking records across the U.S., thanks to long-needed transmission upgrades that are relieving congestion on the power grid and allowing more clean energy to reach consumers. Last week, a new record was set in the Electric Reliability Council of Texas (ERCOT), reaching over 10,000 MW of wind. This was the most ever…
Texas wind project creates construction jobs, boost local tax revenues from 75 turbines
First Wind, an independent U.S.-based renewable energy company, today announced that it has obtained $206 million in financing for its Route 66 Wind project in Armstrong and Carson Counties, Texas. With financing closed for its first renewable energy project in Texas, First Wind will continue engineering and construction activities on the project. The Route 66…
Texas sets a new wind record
Texas set a new record for wind-power output in October 2011 as coastal wind farms start playing a bigger role in supplying electricity to the state, the grid operator said in a report. The amount of electricity produced from wind on the afternoon of October 7 set a record at 7,400 MW, more than 78%…
Texas power commissioner: EPA rules behind summer power problems
Barry Smitherman, a Commissioner with the Texas Railroad Commission, made the following testimony to a Washington investigative committee. The Railroad Commission was founded in the Texas Constitution in 1891, and we regulate the oil, gas, and lignite coal mining industries in Texas. We are recognized worldwide for our expertise in fossil-fuel regulation. Prior to my…
Windpower helped tame the Texas heat of 2011
by Denise Bode, CEO, American Wind Energy Association. In contrast to the comments on some ill intentioned blogs, ERCOT (Electricity Reliability Council of Texas) CEO Trip Doggett credited wind power with a critical contribution during the summer power emergency in Texas. He did the same after a sudden freeze stressed the Texas system in February.…
Software for long-range resource planning
ABB companyVentyx has a PowerBase Suite license contract with U.S.-based ISO Electric Reliability Council of Texas (ERCOT). The company’s software adds long-range resource planning analysis capability to nodal electricity market operations.
Real-time wind data network ready in Texas
A provider of real-time renewable-energy data completed its hub-height wind data network throughout the Electric Reliability Council of Texas (ERCOT) region. With new Texas locations, Onsemble will offer real-time, hub-height wind data near 95% of the state’s wind farms. Completion and launch of the Onsemble Network in ERCOT makes it the first independent source of…