May 12, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--As the Electric Reliability Council of Texas (ERCOT) moves into its second week of what some are calling the "August in May," with temperatures ranging in the lower 90 degrees to the triple digits, the grid operator has assured the state it will deploy all available tools to maintain grid reliability.
ERCOT says there is currently enough capacity to meet projected demand levels in its service area. But with generation prices averaging $132 per MW, all it would take is one or two large assets to go offline unexpectedly, and the price would skyrocket--with the added cost being passed on to the end users.
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