Texas regulators shelved the market design they once favored, agreeing with staff's recommendation that the performance credit mechanism results in “minimal” additional resource adequacy value.

The Texas Public Utility Commission's staff has recommended not moving forward with the proposed performance credit mechanism market design for ERCOT as it is currently designed.

ERCOT CEO Pablo Vegas says the grid operator’s development of a new reliability standard for the market as “one of [our] more significant” accomplishments.

ERCOT’s Board of Directors signed off on staff’s recommendation to move forward with executing an RMR contract for CPS Energy’s Braunig Unit 3, deferring a decision on the gas plant’s other two smaller units.

Utilities around the country expect peak demand to grow by 128 GW, or 15.8%, to 947 GW by 2029, according to the latest report from Grid Strategies.

The Texas PUC's Jimmy Glotfelty will retire from the commission at year's end, leaving the regulatory body two short of a full complement.

ERCOT stakeholders have approved a pair of protocol changes related to transmission planning as the Texas grid operator continues to grapple with connecting incoming load to its system.

ERCOT will recommend that its Board of Directors approve a reliability-must-run contract for one of three aging CPS gas units, set for retirement, to maintain reliability in the San Antonio area.

Texas PUC Commissioner Lori Cobos plans to step down from the commission at the end of 2024.