US Energy Deep Dive
The Deep Dive is your source for understanding the US retail energy market, from provider strategies to regulatory shifts. Tune in for expert commentary and analysis on the competitive electricity and natural gas industries.
US Energy Deep Dive
ERCOT Unplugged: A Deep Dive for Energy Professionals
This deep dive offers an in-depth overview of the Electric Reliability Council of Texas (ERCOT), explaining its role as the independent system operator for most of Texas. It highlights ERCOT's three core purposes: ensuring grid reliability, managing the competitive wholesale market, and guaranteeing open access to transmission. A significant portion of the text focuses on ERCOT's unique "Energy-Only" market design, contrasting it with capacity markets and detailing how scarcity pricing incentivizes generation. Finally, the text explores ERCOT's complex governance structure and outlines its future challenges and goals, including the implementation of the Performance Credit Mechanism (PCM) to enhance resource adequacy.