Introducing competition into Texas’ retail and wholesale electricity markets has made Texas the greatest success story in the United States-if not the world. That success is largely due to policymakers’ willingness to let markets work and not manipulate prices or other policies for political reasons.
Forecasting the Future of the ERCOT Grid, Part 1: The Ongoing Winter Reliability Challenge
Forecasting the Future of the ERCOT Grid, Part 1: The Ongoing Winter Reliability Challenge Written By: Michael Reed and Brent Bennett, Ph.D. Download the full research paper here. Key Points While the operational performance of the ERCOT grid has improved since Winter Storm Uri in 2021, the increasing reliance of the grid on wind, solar,...