From the news articles I have read, your comments appear to be mostly correct. ERCOT was supposed to reduce the price as the production was turned back on, and didn't do that. So the PUC ordered ERCOT to artificially increase the price to encourage reduced usage, then ERCOT I guess "forgot" to roll back that increase for a few days. As a result, some retailers were shut out of the market (Griddy) and others have filed for bankruptcy.srothstein wrote: ↑Fri Mar 05, 2021 2:45 pmI could be wrong, but ERCOT did not allow it to explode, that would have been OK in my opinion, just market forces at work. But as I understand it, ERCOT was ordered by PUC to artificially set it that high. If I am right about the order, it is the PUC's fault. If I am wrong and it was just ERCOT, then they should be hung out to dry instead. That board is running short of people right now as they get hung out. My question is if they are being used as scapegoats or are the ones who deserve it.
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- Fri Mar 05, 2021 3:11 pm
- Forum: Off-Topic
- Topic: Electricity Providers
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