ERCOT is a “just-in-time” energy market without a capacity market and missing the ability to “call” adjacent systems or ready-to-go capacity to cover supply shortages. And so, – surprise, surprise – market clearing prices can get rather spikey when confronted by high demand and limited capacity. As reported by Zero Hedge: https://www.zerohedge.com/commodities/texas-grid-operator-warns-defaults-credit-crisis-develops The Texas energyContinue reading “ERCOT Margin Call”
Category Archives: Electric Power Reliability
Jumpin’ Jack Flash It’s a Gas, Gas, Gas
In this morning’s “Today in Energy” (https://www.eia.gov/todayinenergy/detail.php?id=46896), US EIA explains what happened with the freeze hit: During the cold snap that affected much of the central part of the country, U.S. dry natural gas production fell to as low as 69.7 billion cubic feet per day (Bcf/d) on February 17, a decline of 21%, orContinue reading “Jumpin’ Jack Flash It’s a Gas, Gas, Gas”
Econophysics2020 