ERCOT CEO Bill Magness told the board that load has begun to return to pre-COVID-19 levels, as evidenced by energy usage in June and July.

June’s peak demand in ERCOT’s footprint came within 116 MW of last June’s peak, a sign that consumer demand and summer heat are nearing normal levels.

ERCOT's Board of Directors met briefly by conference call to discuss the grid operator’s response to the COVID-19 pandemic and approve revision requests.

ERCOT CEO Bill Magness told the Board of Directors the grid operator finished 2019 with a net positive variance of $35.4 million.

ERCOT’s Board of Directors approved price corrections for 21 operating days, dating back to September, that resulted from a series of software errors.

ERCOT CEO Bill Magness and Texas PUC Chair DeAnn Walker will attend NERC’s Board of Trustees meeting to discuss the grid operator’s slender reserve margins.

ERCOT CEO Bill Magness briefed the Board of Directors on an upcoming trip to NERC and the work of the Battery Energy Storage Task Force.

ERCOT’s Board of Directors got a look at the work implementing real-time co-optimization, which will add ancillary services to the real-time SCED engine.

A tag team of ERCOT executives reviewed the grid operator’s summer preparations at the Board of Directors’ last meeting before the season begins.

ERCOT staff warned that forward energy markets indicate high prices this summer, which could lead to unexpected increases in credit obligations.