NRG sees tight power supplies in ERCOT, higher prices in PJM
NRG Energy is “skeptical” about the Electric Reliability Council of Texas’s forecast of healthy reserve margins over the next few years, and instead believes the power-supply situation in ERCOT will be considerable tighter, a top NRG executive said Friday.
“The medium-term power supply situation in ERCOT is “very fragile,” Mauricio Gutierrez, NRG’s executive vice president and chief operating officer, said during a conference call with energy analysts.
There are currently “two divergent views in the market,” Gutierrez said. ERCOT sees reserve margins rising, “but our perception is that this is a best-case scenario.”