A timing disconnect between planning requirements for the oil and gas industry and planning requirements for transmission projects has complicated the ERCOT mission.
For summer 2020, the planning reserve margin should hit 10.6 percent, according to the report.
“We studied a range of potential risks and believe there will be sufficient operating reserves,” said Manager of Resource Adequacy Pete Warnken.
TCAP’s chronological report on Texas electric deregulation has been updated and re-released to mark the 20th anniversary of the groundbreaking law.
More typically, real-time prices remain below $30 and only on two other occasions have they reached $9,000.