“The reason for that price spike had absolutely nothing to do with supply, demand, outages, or any other grid condition. During the hardware failure there were no supply shocks, no demand shocks, and no sudden transmission outages. Therefore any significant price movements were the direct result of inefficient, incorrect and negligent decision-making by ERCOT during the hardware failure,” Raiden alleged.
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Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.