April 19 — Generators have in the past lobbied and won the stipulation that when their plants are ordered on-line for RUC capacity that they receive the highest price available, i.e. the price cap. So a generator that gets RUC’ed online for capacity receives $2,000 per megawatt hour instead of, let’s say, the $35 per megawatt hour it actually costs to run these plants.
FORBES (Commentary): How Market Disincentives Are Again Squeezing The Texas Power Grid
Apr 22, 2021 | News Roundup