ERCOTElectric Reliability Council Of Texas, Inc.
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But ERCOT is waiting to see how quickly the demand eases, Doggett said.
We are very happy to be able to extend our offering in ERCOT to cover all hubs and zones for both Day Ahead and Real Time settled contracts," said Paul Cusenza, Chief Executive Officer of Nodal Exchange.
The report illustrates the key drivers of gas and renewable development in ERCOT to better inform Texas policymakers and decision makers about the range of possible outcomes.
If ERCOT called for rolling blackouts, it would be the first time that's happened during the summer, Roark said.
Jay Doegey, who chairs both coalitions, said the report shows that missteps at ERCOT have needlessly cost Texans hundreds of millions of dollars.
To resolve this mismatch between current market design and reliability objectives, the authors suggest that ERCOT and the PUCT first evaluate whether the current target is higher than necessary, given the much greater incidence of distribution-level outages and the ability to avoid shedding certain critical loads.
If ERCOT implements step three - which it will if there are too many outages affecting the grid - then the operator may start asking local utility companies to start rolling blackouts, which nixes the power to certain areas for 15 to 45 minutes at a time.
ERCOT and electric companies like Oncor in the ERCOT region, which covers most of the state, plan for emergency situations like these.
As endorsed by ERCOT, the Cross Valley project will require the construction of a new double circuit 345 kilovolt (kV) line, which will travel approximately 106 miles beginning at an existing substation in north Edinburg, heading south toward south McAllen and Mission, and then heading east to the existing Loma Alta substation located in east Brownsville.
But Roark said ERCOT was concerned that the continued high demand could cause another unit to fail, which would force the grid operator to initiate the first step of emergency procedures.
ERCOT is closely monitoring both supply and demand for the electricity in most of the state.
The Oklahoma Municipal Power Authority is a state government agency that wanted a third-party service to periodically retrieve and report on their data from the growing ERCOT real-time electricity market and the other markets in which it participates.