What is ERCOT load?
Actual Loads of Forecast Zones Display. Actual hourly demands by Forecast Zone and system total, for the current day and five days back. Actual Loads of Weather Zones Display. Actual hourly demands by Weather Zone and system total, for the current day and five days back.
Who really owns ERCOT?
the Public Utility Commission of Texas
ERCOT is overseen by the Public Utility Commission of Texas and the state Legislature. The organization has a board of directors with 16 members on it.
How does ERCOT make money?
ERCOT projects are paid for by public funds from the System Administration Fee. ERCOT’s revenues are uncertain, fluctuating with power consumption. For the average residential customer, this price has increased from $1.32 in 2001 to $5.04 in 2010.
Is all of Texas under ERCOT?
(ERCOT) is an American organization that operates Texas’s electrical grid, the Texas Interconnection, which supplies power to more than 25 million Texas customers and represents 90 percent of the state’s electric load….Electric Reliability Council of Texas.
ERCOT headquarters in Austin, Texas | |
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Vice Chair, Board of Directors | Peter Cramton |
Website | ercot.com |
Is ERCOT regulated?
ERCOT is regulated by the state government. ERCOT and electric utilities answer to the state Public Utility Commission, whose board is appointed by Gov. And everyone answers to the Texas Legislature, which can write laws to regulate any part of the system.
Does ERCOT have a capacity market?
In what Lewin described as a “newsworthy” proclamation, PUC chair Peter Lake said the ERCOT market will not become a “capacity market,” where power plants are compensated for the ability to produce power, even if it’s not used. The capacity market design is typically more expensive.
Is ERCOT private or public?
ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature.
Is ERCOT federally funded?
ERCOT is chartered by government, directed by government regulation, and governed by government entities. Its funding is from a tax on electric consumers on each monthly bill. There has been discussion a free-market circles about whether the Electric Reliability Council of Texas (ERCOT) is a government agency.
Where does ERCOT get money from?
ERCOT is funded by a System Administration Fee of 55.5 cents per MWh to cover its system costs. The cost to operate the electric grid and market for most of Texas averages about 50 -60 cents per month, or about $7 per year, for the average residential household.
How long has ERCOT been in Texas?
1970
Founded in 1970, ERCOT is an independent, not-for-profit organization responsible for overseeing the reliable and safe transmission of electricity over the power grid serving most of Texas.
How much does the CEO of ERCOT make?
Indeed, there are profits being made — including the personal profit of the ERCOT CEO, who is paid a whopping $883,000 annual salary to run an electric system that has proven it just doesn’t work.
Is ERCOT subject to NERC reliability standards?
Compliance in ERCOT Market Participants that own or operate facilities that are part of the Bulk Electric System, as defined in federal law, are subject to oversight by the Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and Texas Reliability Entity, Inc. NERC.