in News Departments > New & Noteworthy
print the content item

The Electric Reliability Council of Texas (ERCOT) board of directors has voted unanimously to implement a system change to prevent the market clearing price for energy (MCPE) from rising above the current offer cap of $2,250/MWh.

The changes include reducing the shadow price cap from $5,600 to $5,000 per MWh and imposing an MCPE cap of $2,250/MWh and MCPE floor of $1,000/MWh.

The Public Utility Commission's (PUC) independent market monitor, Dan Jones of Potomac Economics, recommended the changes to produce MCPEs that remain within the bounds of the applicable offer caps and floors established by the PUC.

In addition, Alton D. Patton has been selected as an ERCOT independent board member (unaffiliated with any market participants) and began his three-year term this month.

Patton is professor emeritus of electrical engineering at Texas A&M University with 35 years' experience as a faculty member, including four years as head of the electrical engineering department. He is also president of Associated Power Analysts Inc. in College Station, an engineering consulting service providing electric power system analysis, power system reliability and failure analysis.

Patton fills the position vacated by Carolyn Gallagher, who completed her elected term in March.

SOURCE: Electric Reliability Council of Texas


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015