Optimizing, Balancing and Pricing Power Supply and Demand in ERCOT
“…a severe shortage of supply and record demand for electricity resulted in high prices that could not be recovered immediately from customers.”
HOW ELECTRICITY WORKS – ERCOT, ENTITIES INVOLVED IN POWER, AND WHAT HAPPENED LAST WEEK
I wrote this a couple of days after Winter Storm Uri passed. The purpose was to educate those on social media who lashed out and anyone in the electric sector. I am surprised to re-read it almost a year later and find that my assessments were correct.