Nov. 16 — The power market operated by Electric Reliability Council of Texas (ERCOT) has experienced record demand for electricity based on growth in consumption, the retirement of roughly 4.7 GW of older power plants, and a lack of new power projects.The region’s reserve margin, or the difference between available generation capacity and forecasted peak demand, has steadily declined since 2015. ERCOT’s spring 2019 report showed the reserve margin at a historic low of only 7.4%.
— The Motley Fool
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.