3 ms·

Here's a chart for a quick visualisation: http://www.energyonline.com/Data/GenericData.aspx?DataId=4 http://www.energyonline.com/Data/GenericData.aspx?DataId=4

Here's a chart for a quick visualisation: http://www.energyonline.com/Data/GenericData.aspx?DataId=4 http://www.energyonline.com/Data/GenericData.aspx?DataId=4 https://imgur.com/a/6gfF5NI https://imgur.com/a/6gfF5NI Also such bumps do happen somewhat regularly (which is concerning), but this one was by far the largest recently: https://imgur.com/a/kj9Okjt https://imgur.com/a/kj9Okjt

6thaccount2 7y ago
$9k is fairly artificial in that it comes from the $9k ERCOT ORDC (operations reserves demand curve) meaning they did a study awhile back looking at Texas GDP and the cost of lost load and judge it to be ~$9k per MWh. This means when the optimization software has a shortage of their operating reserves the prices jump up to that level.