1503-44
Petroleum
- Jul 15, 2019
- 6,654
Always nice to know where the nodes are and what part of the grid they are in.
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It's okay and it's good for understanding better you than no one.cranky108 said:I actually don't know why I am defending planners, they should be doing that themselves
[URL unfurl="true" said:https://www.naturalgasintel.com/texas-retail-power-provider-griddy-seeking-chapter-11-says-ercot-caused-financial-devastation/[/URL]]
Excerpts from link ...
Texas Retail Power Provider Griddy Seeking Chapter 11, Says ERCOT Caused ‘Financial Devastation’
Griddy said ERCOT was responsible for the “financial devastation” stemming from the storm.
Griddy CEO Michael Fallquist said ERCOT “made a bad situation worse” by leaving the scarcity pricing in effect “long after firm load shed instructions had stopped. Our customers paid 300 times more than the normal price for electricity during this period.”
Texas legislators have unveiled a series of bills in recent days to correct the failures that caused February’s crisis. One bill would prohibit REPs such as Griddy from offering wholesale-indexed products to consumers.
The “most significant” bill proposed so far is one that would direct PUCT <Public Utility Commission of TX> to initiate a rulemaking for weatherizing electrical systems, according to analysts at ClearView Energy Partners LLC.
In a note to clients, the ClearView team indicated that legislative proposals requiring PUCT to retroactively reprice wholesale markets during the storm period are likely to be introduced over the coming days and weeks.
The wellhead freeze-offs “were exacerbated by power outages to production equipment as oil and gas infrastructure was not considered critical…by most electricity distribution companies,”
“We estimate gas supply chain issues alone contributed to 10.3 GW of the 18 GW in outages at gas plants, led by wellhead freeze-offs.
In related news, Texas Gov. Greg Abbott said Tuesday he had accepted the resignation of PUCT’s Arthur D’Andrea, who was the only remaining commissioner still serving after the other commissioners resigned following the February crisis.
[URL unfurl="true" said:http://www.energychoicematters.com/stories/20210218aa.html[/URL]]The whole purpose of deregulation was to break them <apart>. For some reason they are now called gentailers (generators + retailers) and they have been allowed to purchase companies like Ambit, Stream, Gexa, Cirro, TriEagle, Green Mountain, and the list can go on," the CEO of the REP said in the communication to the PUC. The CEO of the REP further noted that various holding companies which own REPs have also formed or purchased brokers, as the CEO noted that the Commission prohibits a REP itself from being a broker