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This will force real-time prices to stay at the market cap of $9/kWh for the rest of today and until these outages have stopped.
Once the rolling outages and EEA3 have been lifted (again, projected for tomorrow morning), prices will go back to reflecting real-time pricing. The range of those prices will depend on how much generation ERCOT can get back online, and how fast.
Any idea when this might be?
After the peak hours (7am-10am) so you’d likely see a huge collapse of the price around 10:30-11:00. I’m hoping it drops by half or more.
Has ERCOT said anything officially with regard to when they will be done price gouging....I mean normalcy?
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