Live Breaking News & Updates on Systemwide Offer Cap

Houston
The Public Utility Commission of Texas on April 7 initiated a revision to the Electric Reliability Council of Texas scarcity pricing rule to ensure that a circuit breaker change in the systemwide offer cap, designed avoid harming consumers, does not create what the chairman called absurd results.
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At issue is the switch from ERCOT s $9,000/MWh High Systemwide Offer Cap, or HCAP, to the Low Systemwide Offer Cap, known as LCAP, which is the higher of either $2,000/MWh or 50 times a fuel index price chosen by the grid operator. ERCOT has set that FIP as the spot natural gas price at the Katy Hub, as determined by Argus. ....

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