This deep dive offers an in-depth overview of the Electric Reliability Council of Texas (ERCOT), explaining its role as the independent system operator for most of Texas. It highlights ERCOT's three core purposes: ensuring grid reliability, managing the competitive wholesale market, and guaranteeing open access to transmission. A significant portion of the text focuses on ERCOT's unique "Energy-Only" market design, contrasting it with capacity markets and detailing how scarcity pricing incent...
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This deep dive offers an in-depth overview of the Electric Reliability Council of Texas (ERCOT), explaining its role as the independent system operator for most of Texas. It highlights ERCOT's three core purposes: ensuring grid reliability, managing the competitive wholesale market, and guaranteeing open access to transmission. A significant portion of the text focuses on ERCOT's unique "Energy-Only" market design, contrasting it with capacity markets and detailing how scarcity pricing incent...
This deep dive discusses natural gas storage in the United States, explaining its purpose in balancing supply and demand across seasons due to steady production but fluctuating needs. It details different types of storage facilities, primarily underground in depleted reservoirs, aquifers, and salt caverns, each with distinct operational characteristics like deliverability and cycling capability. The text also explores the natural gas market, highlighting its competitive nature, the role of va...
US Energy Deep Dive
This deep dive offers an in-depth overview of the Electric Reliability Council of Texas (ERCOT), explaining its role as the independent system operator for most of Texas. It highlights ERCOT's three core purposes: ensuring grid reliability, managing the competitive wholesale market, and guaranteeing open access to transmission. A significant portion of the text focuses on ERCOT's unique "Energy-Only" market design, contrasting it with capacity markets and detailing how scarcity pricing incent...
