performance credit mechanism (PCM)
The Texas PUC rejected ERCOT’s proposed budget and administration fee increase, agreeing instead to more incremental growth in its revenues.
The Infocast Texas Clean Energy Summit attracted several hundred developers, asset owners, financiers, investors and ERCOT stakeholders to discuss the booming opportunities and looming challenges in today’s renewables environment.
During its first open meeting since the recently concluded legislative session, the Public Utility Commission of Texas discussed its next steps in changing the ERCOT market.
With the 88th Texas Legislature’s regular session now over, the general consensus is that the clean energy industry fared better than recent gloomy predictions.
The Texas Legislature is working to pass bills to facilitate fossil fuel energy generation but limit renewable energy generation.
ERCOT stakeholders have thrown their support behind staff’s recommended changes to the ORDC that will serve as a bridge to regulators' proposed market design.
ERCOT said it will pay Austin Energy a $2.86 million to settle an alternative dispute resolution stemming from the February 2021 winter storm.
ERCOT is looking at a revised operating reserve demand curve and additional ancillary services to bridge the proposed performance credit mechanism.
ERCOT stakeholders have scheduled three workshops to reach agreement with staff on bridging alternatives until a market redesign is in place.
ERCOT CEO Pablo Vegas endorsed the PUC's performance credit mechanism, saying it will incent new and preserve existing dispatchable generation.
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