> ERCOT is the only energy market not to have a capacity market. Plenty of energy-only markets around, at least internationally. ERCOT also has an ORDC. Surel

> ERCOT is the only energy market not to have a capacity market. Plenty of energy-only markets around, at least internationally. ERCOT also has an ORDC. Surely they can tweak that if they want to have better insurance against black swan type events without going to a capacity market, with attendant problems.