ERCOT’s extreme prices unlikely to result in new thermal generation: experts

摘要

The Electric Reliability Council of Texas’ systemwide real-time wholesale power prices on Tuesday spent more than four hours above $1,000/MWh and 90 minutes around $9,000/MWh, but industry observers Wednesday said they generally doubted it was enough to incentivize conventional generation capacity growth. Evan Caron, former head of power and current strategic board advisor at TrailStone, an energy asset management company based in Austin, Texas, said this week’s pricing is unlikely to prompt investment in retaining or expanding capacity in ERCOT, because the real-time price jumps “barely moved the forward curve” in Tuesday's trading.