winter storm Uri
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Power
AI-Powered Energy Forecasting: How Accurate Predictions Could Save Your Power Company
Net-demand energy forecasts are critical for competitive market participants, such as in the Electric Reliability Council of Texas (ERCOT) and similar markets, for several key reasons. For example, accurate forecasting helps predict when supply-demand imbalances will create price spikes or crashes, allowing traders and generators to optimize their bidding strategies. It’s also important for asset […]
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Gas
New York Group Acquiring More Than 2.1 GW of Texas Gas-Fired Capacity
New York-based energy investment firm LS Power on May 8 said it has reached an agreement with Brazos Electric Power Cooperative to acquire 2,145 MW of natural gas-fired power generation in the ERCOT North region of Texas. The deal comes six months after a federal bankruptcy court judge approved Brazos’ reorganization plan, which includes a […]
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Power
Microgrids Provide Reliable Power During Emergencies and Help Decarbonize the Grid
Microgrids are localized power grids that can be disconnected from the traditional grid to operate autonomously. Because they are able to operate while the main grid is down, microgrids can strengthen resilience and help prevent grid disturbances. They also function as a reliable resource for faster system response and recovery. Microgrids enable the integration of […]
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News
ERCOT, Caught in Political Crossfire, Releases Reliability ‘Roadmap’
The Electric Reliability Council of Texas (ERCOT) has unveiled a roadmap outlining crucial improvements designed to enhance grid reliability, taking into account recent legislation, regulatory mandates, and a recent push by the state’s governor for market incentives that will help the grid bulk up on “adequate and reliable” resources, like natural gas, coal, and nuclear […]
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News
ERCOT Lists Generators Forced Offline During Texas Extreme Cold Event
The Electric Reliability Council of Texas (ERCOT) in freshly revealed data on March 4 reported that the Texas grid suffered 1,796 generating or energy storage outages or derates as winter storm Uri bore down on the state in mid-February. The grid operator made the list public in a letter it sent to lawmakers in the […]
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