Commodity Market Report
Will high prices in ERCOT move the needle?: North America power and renewables short term outlook August 2019
Report summary
ERCOT experienced real-time electricity prices skyrocketing to $9000/MWh and faced record electricity demand due to sustained high temperatures across the state and supply shortages in August as the grid operator called for conservation measures twice in one week. Ultimately, deployment in demand response may prove to be what stood between system reliability events during the month. Still, inconsistency in high price events continues to look to inhibit new gas fired generation.
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