ERCOT CEO Bill Magness told the Board of Directors the grid operator finished 2019 with a net positive variance of $35.4 million.

ERCOT’s Board of Directors approved price corrections for 21 operating days, dating back to September, that resulted from a series of software errors.

ERCOT CEO Bill Magness and Texas PUC Chair DeAnn Walker will attend NERC’s Board of Trustees meeting to discuss the grid operator’s slender reserve margins.

ERCOT CEO Bill Magness briefed the Board of Directors on an upcoming trip to NERC and the work of the Battery Energy Storage Task Force.

ERCOT’s Board of Directors got a look at the work implementing real-time co-optimization, which will add ancillary services to the real-time SCED engine.

A tag team of ERCOT executives reviewed the grid operator’s summer preparations at the Board of Directors’ last meeting before the season begins.

ERCOT staff warned that forward energy markets indicate high prices this summer, which could lead to unexpected increases in credit obligations.

ERCOT is “much more likely” to deal with “emergency-alert type conditions” this summer given the system’s 7.4% reserve margin, CEO Bill Magness said.

ERCOT CEO Bill Magness told the Board of Directors the grid operator will use favorable budget variances to fund the addition of real-time co-optimization.

ERCOT is repeating many of the preparations it took before last summer as it looks ahead to even tighter reserve margins in 2019.