Ercot

Exceptionally harsh winter weather that surprised Texas authorities was the leading cause of widespread generator outages that left millions of residents without power for days in February, a new report says. The initial findings from the Electric Reliability Council of Texas (ERCOT), which oversees electric power in the state, amplified the already widely reported thinking…

A little more than a month after Texas’ main electric grid operator failed to keep the lights on during a prolonged freeze across the state, it said it has more than enough resources to meet projected record demand this summer. In its preliminary Seasonal Assessment of Resource Adequacy (SARA) for the summer released Thursday, the…

Houston-based retail electricity provider (REP) Griddy Energy LLC has filed for Chapter 11 protection in the wake of February’s Winter Storm Uri, which caused power outages along with skyrocketing electricity and natural gas prices. A proposed reorganization would provide relief to Griddy customers unable to pay their electric bills as a result of scarcity pricing…

The Texas Attorney General’s (AG) Office is expanding its investigation into the massive price spikes that occurred in the natural gas and power markets during the historic winter freeze last month, with the IntercontinentalExchange (ICE) ordered to turn over documents on pricing for the unprecedented week. “These massive price increases impacted businesses and consumers alike…

Five board members of the Electric Reliability Council of Texas, or ERCOT, which manages most of the electric grid of the state, were expected to step down Wednesday. The board has come under withering criticism after a freezing winter storm last week that killed dozens and left more than 4.5 million customers without power, some…

Although numerous factors contributed to the polar vortex-induced energy crisis in Texas, the central role of natural gas — or lack thereof — was becoming increasingly clear Friday as temperatures began to rise and power was restored. The unprecedented cold snap drove Texas power demand to new winter peak records rivalling peak demand figures in…

Texas Gov. Greg Abbott blasted the Electric Reliability Council of Texas (ERCOT) on Thursday, saying the independent system operator “failed the people of Texas” during an extended cold snap this week. Some 325,000 customers remained without power as of an afternoon press briefing in which Abbott pledged to reform ERCOT to prevent a repeat of…

Texas is expected to have more than enough power to meet consumption needs this winter and spring, according to the grid operator for most of the state. The Electric Reliability Council of Texas (ERCOT) is forecasting demand this winter to peak at 57,699 MW, which is far below the all-time winter high of 65,915 MW…

The Electricity Reliability Council of Texas (ERCOT) is forecasting record power use this summer, but less than originally forecast.