More Polar Vortex 2021 Fallout (and Texas Two-Step): Monitor for ERCOT Identifies Improper Payments for Ancillary Services and $16B of Excessive Prices; PUCT Orders "Clawback" But Not for Excessive Prices | Mayer Brown - Tax Equity Times
To embed, copy and paste the code into your website or blog: On March 1, 2021, Potomac Economics, the Independent Market Monitor (IMM) for the Electric Reliability Council of Texas (ERCOT), filed a report with the Public Utility Commission of Texas (PUCT) that certain payments were made by ERCOT for Ancillary Services (AS) that were not provided. According to the IMM (emphasis added): There were a number of instances during the operating days outlined above in which AS was not provided in real time because of forced outages or derations. For market participants that are not able to meet thei...
Source: jdsupra.com