Despite increased hedging activity in ERCOT, forwards have been ‘stabilizing’

摘要

The Electric Reliability Council of Texas is more likely to have blackoutsthis summer than in 2018, Gulf Coast Power Association SpringConference survey respondents said Wednesday. Panelists saidincreased risks have boosted emphasis on hedging, but July-Augustforward prices have remained fairly stable this year.In an audience poll during Wednesday’s session entitled, “Summer2019 Expectations in ERCOT,” 80% said ERCOT is more likely to have afirm load shedding event this summer, which has a planning reservemargin of 7.4%, than it was in 2018, when the planning reserve marginwas about 11%.