What’s next for Texas markets after winter disaster?
A 90-minute seminar presented by Power Markets Today
Wednesday, April 14, 2021, 2-3:30 PM Eastern US Time
The Electric Reliability Council of Texas (ERCOT) experienced the worst generation-related outages in its history after a cold snap and winter storm led to frozen equipment at power plants of all types and stressed the natural gas system that could not deliver the fuel, shutting down even more power plants.
More than 40,000 MW of generation in Texas was offline. Millions of customers were without power for days as “rotating outages” were not able to be shifted to other sections of the grid while transmission and distribution utilities wanted to keep power going for critical facilities such as hospitals.
The weather also impacted nearby portions of the Midcontinent Independent System Operator (MISO) and the Southwest Power Pool (SPP), but their generation-related outages were much shorter. Prices in ERCOT were at $9,000/MWH, which led to some customers facing huge bills, but with the bulk of consumers on prices that are not directly tethered to the wholesale market, the event risked the continued operation of independent retailers that do not have financial ties to the generators charging those emergency rates.
The governor’s office and legislators are working on a plan to try to save competition in the retail market. With the legislature, Federal Energy Regulatory Commission (FERC), North American Electric Reliability Corporation (NERC), Public Utility Commission of Texas (PUC), and others looking into the events, it is likely that some changes will be coming to the Texas market.
Get a complete picture of what went wrong in the Texas cold snap and how it could impact the future of markets from Power Markets Today’s distinguished panel of industry experts on Wednesday, April 14, 2021, from 2-3:30 PM ET. Call +1-301-769-6812 (1-888-637-7776 toll-free in the US and Canada) to sign up by phone.
- Hear about how the retail industry is dealing with the price spikes and their fallout.
- Find out what is likely to change in the Texas markets going forward.
- Hear about whether the event could lead to any changes in reliability standards.
- Find out about the financial fallout from days of wholesale prices at $9,000/MWH.
- Hear about emerging efforts to reform the wholesale and retail markets after the outages.
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Live participation: Includes web and phone access to the live seminar for only $297. You will receive a manual in PDF format (including speaker biographies and PowerPoint presentations) and the opportunity to connect directly with our speakers during the audience Q&A session. Post-event recording: Includes web download of the multimedia recording of the seminar, including Q&A and slide presentations, for only $297. You will receive the manual in PDF format (including speaker biographies and PowerPoint presentations) and video and audio files within one business day after the live event. Combo: Includes live seminar participation and post-event recording for only $397. IMPORTANT: If your organization is teleworking due to COVID-19, you will receive a 50% discount on two or more locations or recording orders. Please call +1-301-769-6812 (1-888-637-7776 toll-free in the US and Canada) to order more than one line or recording. To register by phone, please call |
