ERCOT, the Electric Reliability Council of Texas, operates the electric grid for 24 million Texans, for about 90% of the state’s electric load. Potomac Economics is the independent market monitor, with no enforcement ability. Platt’s Management Daily reports on the daily electricity usage. The mission of ERCOT is to avoid brown outs and black outs. Several years ago ERCOT cut off electricity to the Dallas Medical Center and that was a mess. When there is an approaching brown out or black out, ERCOT can raise price of wholesale electricity to bring on line mothballed, inefficient or otherwise withheld power plants to increase supply.

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