Posted on August 11, 2015 | By Jordan Blum The general counsel of the Electric Reliability Council of Texas will take the reins over most of the state’s power grid next year. The ERCOT Board of Directors selected Bill Magness on Tuesday as its next president and CEO. Read the full article at Fuel Fix.
The ERCOT market finished the day as a short. The highest recorded real-time price (LMP+ORDC) was $390 at 16:15 with a day-ahead price of over $2k.
8 hours into the On-Peak period, ERCOT real-time LMP prices are trending well below the day-ahead and are averaging $300+ under.
Houston (Platts)–7 Aug 2015 313 pm EDT/1913 GMT The Electric Reliability Council of Texas continues to forecast strong demand for the next several days as day-ahead power prices continue to climb to values not seen in years. Read the full article at Platts.
ERCOT sets 2 new demand records on Thursday In two consecutive hours Thursday afternoon, the Electric Reliability Council of Texas (ERCOT) system beat the all-time hourly demand record set the previous day, peaking at 68,912 megawatts (MW)* between 4 and 5 p.m. At 68,538 MW*, hourly demand between 3 and 4 p.m. also beat Wednesday’s … Continue reading ERCOT sets 2 new demand records on Thursday
New Transmission Line a Year from Completion A new 96 mile-long electric transmission line is about a year away from completion. It will stretch from one end of the Valley to the other. It’s a project that’s been in the works since 2013. Developers said the line is needed to ensure continued reliable electric service … Continue reading New Transmission Line a Year from Completion
For more information call 1-855-GET-INNOTAP (1-855-438-4666) or contact us by form or email us today!
