ERCOT – Oil & Gas 360

Energy Vault announces FID approval for 57 MW Cross Trails Battery Energy Storage System in Texas and 10-Year offtake agreement with Gridmatic

November 8, 2024

(Oil & Gas 360) – Cross Trails BESS to provide energy and ancillary services to support renewable energy production and improve grid resiliency in the Electric Reliability Council of Texas (ERCOT) region Upcoming deployment demonstrates Energy Vault’s execution on its growth strategy to maximize capital efficiency and profitability in building, owning and operating energy storage infrastructure WESTLAKE VILLAGE, Calif. &

Mobius Intel Brief: ERCOT breaks $5,000/MWh

May 13, 2024

Oil and Gas 360 Mobius Intel Brief Texas power prices jumped from a high of less than $60/MWh on Tuesday (05/07) to over $5,000/MWh at peak net load on Wednesday (05/08) as record-warm May temperatures and high levels of generation outages combined to pressure system-wide supplies. Variable wind output showed its limitations as a power resource of the future as

ERCOT unveils plans to improve Texas power grid reliability

July 13, 2021

Nasdaq Grid operator Electric Reliability Council of Texas on Tuesday unveiled plans to address operational improvements, which include purchasing more reserve power and reviewing the need for on-site fuel supplies for some generators. After a rule change, ERCOT suggests power operators submit a letter signed by their CEOs twice a year certifying their companies have completed their weatherization preparations for

Texas grid operator made $16 billion price error during winter storm, watchdog says

March 5, 2021

Reuters Texas’ power grid operator Electric Reliability Council of Texas (ERCOT) made a $16 billion pricing error in the week of the winter storm that led to power outages across the state, Potomac Economics, which monitors the state’s power market, said. ERCOT kept market prices for power too high for more than a day after widespread outages ended late on

Top executives of Texas electric grid resign after storm failure

February 24, 2021

Reuters HOUSTON – Top directors of Texas’s electric grid operator, who faced sharp criticism from a massive failure of the state power system that left millions last week without light, heat, and water, resigned on Tuesday. The board’s chairman, vice chairman, three directors and a board nominee of the Electric Reliability Council of Texas (ERCOT), all of whom live outside

Texas energy freeze stretches to sixth day, raises Mexico’s ire

February 18, 2021

Reuters HOUSTON – Texas’s freeze entered a sixth day on Thursday, as the largest energy-producing state in the United States grappled with massive refining outages and oil and gas shutins that rippled beyond its borders into neighboring Mexico. The cold snap, which has killed at least 21 people and knocked out power to more than 4 million people in Texas,

Texas Power Prices Triple as Heat Wave Expected to Boost Demand to Record Highs

August 6, 2019

From Reuters Spot power prices in Texas almost tripled for Tuesday on forecasts demand for electricity would hit record levels over the next week as consumers crank up their air conditioners to escape a heat wave blanketing much of the state. High temperatures in Houston, the biggest city in the Lone Star State, were expected to reach almost 100 degrees

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