More typically, real-time prices remain below $30 and only on two other occasions have they reached $9,000.
The experience for commercial customers under the Texas electric deregulation law has been different from the experience for residential customers.
Only once before in the history of the ERCOT power grid have prices hit the $9,000 mark.
The Dallas Morning News, in a June 19 editorial, urged the PUC to create rules for battery storage.
Unlike residential customers, commercial and industrial customers during 2017 paid comparatively less under electric deregulation.
A Virginia-based consulting firm, Potomac Economics, serves as ERCOT’s Independent Market Monitor.