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> Public Utility Commission of Texas (PUCT) cited its “complete authority over ERCOT” to direct that ERCOT set pricing at $9/kWh until the grid could manage the

> Public Utility Commission of Texas (PUCT) cited its “complete authority over ERCOT” to direct that ERCOT set pricing at $9/kWh until the grid could manage the outage situation after being ravaged by the freezing winter storm. from: https://www.griddy.com/post/griddy-update-why-energy-prices-were-sky-high-this-week https://www.griddy.com/post/griddy-update-why-energy-prices-... Prices should have fallen and did not.

salawat 6y ago
The grid was under maximum demand. Heck, I was refreshing realtime statistics. That was not an unrealistic policy decision. The unrealistic policy decision was leaving it stuck there even after things started to thaw and restore. The market, as they say, she remains irrational far longer than you stay solvent.