Where is the ERCOT grid located?
The ERCOT grid covers approximately 75 percent of the land area in Texas.
What is nodal in ERCOT?
Trade Hub to Load Zone This is often referred to generically as “Nodal Charge”. This is basically the price difference between energy price at the source (the generator) and energy price at the destination (the load zone, which is an average prices of nodes in a zone).
What is an ERCOT load zone?
Load Zone. A group of Electrical Buses assigned to the same zone under Section 3.4, Load Zones. Every Electrical Bus in ERCOT with a Load must be assigned to a Load Zone for Settlement purposes.
Who is on the ERCOT grid?
MAP: What parts of Texas does ERCOT’s grid cover? About 90% of the state of Texas’s electric load is covered by ERCOT, or 26 million customers. That’s about 75% of the land area in the state, and includes most of the main population centers, like Austin, Dallas, Fort Worth, Houston, and San Antonio.
Who is the CEO of ERCOT?
Brad Jones
Electric Reliability Council of Texas/CEO
Brad Jones, CEO of New York’s main electric grid operator from October 2015 to October 2018, will start his tenure as the president and CEO of ERCOT on May 4, the agency said Tuesday.
Where are ERCOT power plants?
3 PLANTS. Talen operates three natural gas-fired power plants located in Corpus Christi and Laredo, TX.
What are the ERCOT nodal protocols?
The Protocols outline the procedures and processes used by ERCOT and Market Participants for the orderly functioning of the ERCOT system and nodal market. The current set of Protocols as well as requests for changes and clarification may be found in this section.
How does the ERCOT market work?
ERCOT provides both Day-Ahead Market (DAM) prices on a daily basis and Real-Time Market (RTM) prices on an interval basis. After the market prices are final, if ERCOT determines that prices are in need of correction, it shall notify Market Participants and describe the need for such correction.
How does ERCOT settlement work?
Settlement is the process used to resolve financial obligations for market services procured through ERCOT for registered Market Participants. Settlement will also assess administrative and miscellaneous fees and provide Transmission Billing Determinants to Transmission and/or Distribution Service Providers (TDSPs).
What are ERCOT uplift charges?
“Uplift charges” means charges for reliability deployment price adders and ancillary services costs in excess of the commission’s system-wide offer cap that were uplifted to load-serving entities on a load ratio share basis due to energy consumption during the period of emergency.
Is ERCOT regulated?
ERCOT is regulated by the state government. ERCOT and electric utilities answer to the state Public Utility Commission, whose board is appointed by Gov. And everyone answers to the Texas Legislature, which can write laws to regulate any part of the system.
Is ERCOT a government entity?
ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature.
What does ERCOT nodal market design mean for ERCOT?
ERCOT Nodal Market Design ERCOT is an energy-onlymarket … but what does that mean? 18 Scarcity pricing –higher energy prices during periods where energy reserves are scarce Energy Pricing must support investment in new generation You Are Here!
How are dam and RTM prices determined by ERCOT?
ERCOT provides both Day-Ahead Market (DAM) prices on a daily basis and Real-Time Market (RTM) prices on an interval basis. Additionally, ERCOT has compiled DAM and RTM Settlement Point Prices (SPPs) for each of the Hubs and Load Zones by calendar year. ERCOT monitors DAM, SCED, and SASM prices for errors.
When does ERCOT need to do a price correction?
Price corrections are performed by ERCOT without the ERCOT Board’s approval if done before the market prices are final. After the market prices are final, if ERCOT determines that prices are in need of correction, it shall notify Market Participants and describe the need for such correction.
How big is the ERCOT market in Texas?
ERCOT Market Design ERCOT Market Design by Richard Howard •Represents 90% of Texas Load •74,000 MW of generation capacity •43,000 miles of transmission lines •Electrical island with several DC Ties •Peak load of 71,197 MW on 8/11/16 ERCOT Introduction