ERCOT market
E640595
The ERCOT market is the competitive wholesale and retail electricity market operated by the Electric Reliability Council of Texas, covering most of Texas’s power grid.
Observed surface forms (2)
| Surface form | Occurrences |
|---|---|
| ERCOT grid | 1 |
| Texas wholesale power market | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
electricity market
ⓘ
organized power market ⓘ retail electricity market ⓘ wholesale electricity market ⓘ |
| aimsTo |
ensure reliable electricity supply in most of Texas
ⓘ
promote competition in electricity supply ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| covers | most of the Texas power grid ⓘ |
| currency |
US dollar
ⓘ
surface form:
United States dollar
|
| dataPublishedBy | Electric Reliability Council of Texas NERFINISHED ⓘ |
| governedBy |
ERCOT protocols
ⓘ
Public Utility Commission of Texas rules ⓘ |
| hasCharacteristic |
energy-only market design
ⓘ
limited interconnection with other U.S. grids ⓘ scarcity pricing mechanisms ⓘ |
| hasFeature |
competitive retail market
ⓘ
competitive wholesale market ⓘ nodal market design ⓘ |
| hasMechanism |
market-based congestion pricing
ⓘ
operating reserve demand curve ⓘ scarcity price adders ⓘ |
| hasParticipant |
generation companies
ⓘ
large industrial customers ⓘ power marketers ⓘ qualified scheduling entities ⓘ retail electric providers ⓘ transmission and distribution utilities ⓘ |
| hasRisk |
exposure to extreme weather events
ⓘ
price volatility ⓘ |
| includes |
ancillary services market
ⓘ
congestion management ⓘ energy market ⓘ |
| interconnection | ERCOT grid ⓘ |
| locatedIn | Texas ⓘ |
| monitoredBy | Public Utility Commission of Texas NERFINISHED ⓘ |
| notSubjectTo | Federal Energy Regulatory Commission jurisdiction for most wholesale rates ⓘ |
| operatedBy | Electric Reliability Council of Texas NERFINISHED ⓘ |
| regulates |
retail electricity transactions in most of Texas
ⓘ
wholesale electricity transactions in most of Texas ⓘ |
| sector | electric power ⓘ |
| subjectTo | Texas state regulation ⓘ |
| supports |
renewable energy integration
ⓘ
solar power generation ⓘ wind power generation ⓘ |
| timeZone | Central Time ⓘ |
| uses |
day-ahead market
ⓘ
locational marginal pricing ⓘ real-time market ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
ERCOT grid
this entity surface form:
Texas wholesale power market