ERCOT Power & Renewables markets long-term outlook H1 2015
North American power markets are adapting as demand growth struggles against energy efficiency improvements and demand response programs. Economics of wind and solar are improving, as within the next decade, utility scale solar becomes attractive from a purely economic standpoint in many regions. Coal capacity that has survived MATS and CSPAR are also under threat from low natural gas prices. Further, the industry awaits EPA’s CPP announcement, requiring reductions in carbon in 2020.