ERCOT Board Moves to Improve Future Generation Outlook

4/18/2012
The Electric Reliability Council of Texas (ERCOT) Board of Directors at its April 2012 meeting focused on the need for adequate electric generation resources, both to serve immediate needs this summer and to prepare for future growth within the grid that handles about 85 percent of the electricity used in Texas.
 

April 18, 2012, AUSTIN -The Electric Reliability Council of Texas (ERCOT) Board of Directors at its April 2012 meeting focused on the need for adequate electric generation resources, both to serve immediate needs this summer and to prepare for future growth within the grid that handles about 85 percent of the electricity used in Texas.

With ERCOT's projected reserve margin - the amount of electricity that is expected to exceed peak demand - hovering just over its 13.75 percent target for the upcoming summer, the ERCOT board has made resource adequacy its highest priority.

"With an issue as important as this one is, we must be sure to have access to the best information and analysis available," said ERCOT Board Chair Craven Crowell. "We face a complex challenge, and we need to get all good ideas on the table."

To that end, the board heard an update this month from the Brattle Group, which ERCOT selected in March to help identify and evaluate factors that affect investment in new generation and suggest solutions to address adequacy concerns in the coming years. The Brattle Group is interviewing stakeholders and analyzing likely outcomes under a variety of scenarios. The ERCOT board will receive a draft report in May, and the final report is due June 1.