ERCOT said it will pay Austin Energy a $2.86 million to settle an alternative dispute resolution stemming from the February 2021 winter storm.

ERCOT is looking at a revised operating reserve demand curve and additional ancillary services to bridge the proposed performance credit mechanism.

ERCOT stakeholders have scheduled three workshops to reach agreement with staff on bridging alternatives until a market redesign is in place.

ERCOT CEO Pablo Vegas endorsed the PUC's performance credit mechanism, saying it will incent new and preserve existing dispatchable generation.

Vistra is taking a wait-and-see approach to ERCOT’s market redesign that is currently being debated, saying there are many details to work out.

Texas regulators' recommended ERCOT market redesign was the primary topic of conversation during Infocast’s 11th ERCOT Market Summit.

ERCOT staff briefed the Technical Advisory Committee on its recommended bridging solution options for the Texas PUC’s preferred market redesign.

ERCOT’s IMM continues to criticize Texas regulators’ preferred market redesign, saying what they have proposed is a “less effective and efficient."

Icy weather knocked more than 400,000 Texas customers offline last week, but all outages were at the local distribution level.

The Texas PUC agreed to replace ERCOT’s energy-only market with a performance credit mechanism, sending the proposal to an uncertain fate in the legislature.