real-time co-optimization (RTC)
ERCOT staff and stakeholders are preparing to bring a first set of real-time co-optimization policy principles to the Technical Advisory Committee.
Real-time co-optimization in ERCOT took another step toward become reality following a discussion between Texas regulators and grid operator staff.
ERCOT staff and stakeholders began the process of implementing real-time co-optimization with the first meeting of the Real-Time Co-Optimization Task Force.
ERCOT's Technical Advisory Committee tabled a request to lower the grid operator’s peaker net margin threshold pending further direction from the Texas PUC.
Asked by Texas’ Public Utility Commission to “reinitiate discussions” with stakeholders, ERCOT held a workshop to look at real-time co-optimization.
The Texas Public Utility Commission approved a list of issues to be discussed during a summer workshop on real-time co-optimization.
ERCOT CEO Bill Magness told the Board of Directors the grid operator will use favorable budget variances to fund the addition of real-time co-optimization.
The PUCT issued requests for comments on real-time co-optimization and incorporating marginal losses into dispatch decisions.
ERCOT is leaving significant amounts of money on the table by not using real-time co-optimization of energy and ancillary services in its market operations.
ERCOT stakeholders are once again raising the subject of real-time co-optimization, with the Independent Market Monitor in strong support.
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