“ERCOT SHs Debate Need for Changes Following Summer”
ERCOT market participants shared their thoughts with the Texas Public Utility Commission last week on how to address the energy-only market’s lack of scarcity pricing and slim reserve margins.
…“We’re not afraid of high prices, when they are justified,” said Thompson & Knight attorney Katie Coleman, speaking for the Texas Industrial Energy Consumers trade association. “ERCOT is the only truly competitive market in the world, and we are proud of that. We think the market performed well this summer. We think you can expect that kind of performance to continue, because that is what the market is designed to do.”