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It is also important to remember that ERCOT does not have a capacity market like every other FERC regulated ISO. The added cost in places like PJM and CAISO is
by avernon 6y ago
It is also important to remember that ERCOT does not have a capacity market like every other FERC regulated ISO. The added cost in places like PJM and CAISO is noticeable. Though having capacity markets does not seem to prevent blackouts.
- jabl 6y agoIn practice, capacity markets seem to be mostly handouts to incumbents with a lot of fossil capacity. ERCOT has an ORDC, further pushing up prices during a crunch. OTOH the rest of the time consumers enjoy quite low prices.
- 7thaccount 6y agoYep $9000 prices upon occasion.
- 7thaccount 6y agoThat is not entirely true. SPP does not have a capacity market as capacity procurement (outside of resource adequacy) seems to be on the States.