2025 ERCOT State of the Market: Insights from the Independent Market Monitor

Each year, the Independent Market Monitor delivers its State of the Market Report to the Public Utility Commission of Texas — a comprehensive assessment of how the ERCOT wholesale electricity market is performing and where it can improve. The 2025 report arrives at a pivotal moment: demand is climbing faster than at any point in recent memory, the grid is being reshaped by record solar and storage additions, and a major market upgrade in real-time co-optimization has just gone live.

Join GCPA for an exclusive virtual forum with Jeff McDonald, Director of the ERCOT IMM, for a presentation and Q&A on the report's key findings and the IMM's recommendations for improving ERCOT market design and operations.

The session will center on the IMM's new 2025 recommendation — Redesign & Improve the Firm Fuel Supply Service — while also examining the full portfolio of outstanding market design recommendations.