Dispatchable means that it can be called on in advance to generate.
So nuclear is dispatchable, just not flexible.
Similarly NG ST, NG CT and CCGT are all dispatchable, but they have varying flexibility.
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Ercot issues Conservation Warning
- Thread starter CrazyRabbit
- Start date
Dispatchable means that it can be called on in advance to generate.
So nuclear is dispatchable, just not flexible.
Similarly NG ST, NG CT and CCGT are all dispatchable, but they have varying flexibility.
nwdiver
Well-Known Member
MontyFloyd
Member
Don't know those acronyms.
"isn't a substitute for capacity" means not available on demand what you mean?
MontyFloyd
Member
mspohr
Well-Known Member
The council was essentially creating “artificial shortages” with its new reserve mechanism, and the result was that prices increased precipitously on a regular basis, the independent market monitor, Carrie Bivens, wrote in her analysis. The real-time cost of power surged near or at the market’s mandatory ceiling of $5,000 per megawatt-hour at times when, under similar conditions in past years, it would have been less than $100.
There have been some likely winners: power companies, people with solar panels who can sell their power back at times of high prices and cryptocurrency miners, who are able to shut down periodically and take advantage of market fluctuations. One cryptocurrency company, Riot Platforms, reported making more than $7 million in energy credits in August, up from $200,000 the same month last year.
The losers are likely to be most ordinary Texans, who could soon see higher energy costs, analysts said
MontyFloyd
Member
MontyFloyd
Member
Here we go! This was in email with a buddy.
https://www.chron.com/news/houston-texas/article/texas-bitcoin-riot-ercot-grid-energy-18352398.php
Texas Pays Riot Platforms $31.7M To Limit Bitcoin Mining Operations During Heat Wave - Riot Platforms (NASDAQ:RIOT)
ERCOT policy
Demand Response
Texas paid bitcoin miner more than $31 million to cut energy usage during heat wave
Texas grid paid firm to stop mining crypto during heatwave
and dozens of more reports.
What is strange is NOTHING from Fox News or related on this recent event.
But there is THIS from 2022.
Crypto mining could fix Texas power problems in ‘nanoseconds’: Blockchain exec
Short answer: While ERCOT is asking people to conserve, RIOT is getting PAID to not use power in Texas.
mspohr
Well-Known Member
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Texas’ power reserve created an $8B illusion of energy shortage this summer, monitor says
A report from ERCOT's independent market monitor is raising questions over the costs of power reserve programs designed to shore up Texas' power grid...
www.dallasnews.com
AUSTIN – An ERCOT program designed to shore up power reserves fueled an estimated $8 billion increase to electricity costs to power providers in Texas in just two and a half months. While peak power prices fell elsewhere across the nation, Texas alone saw a near threefold increase in electricity prices year-over-year, possibly spurred by an “artificial” shortage of power supply, according to ERCOT’s independent market monitor.
canasion35
Active Member
mspohr
Well-Known Member
nwdiver
Well-Known Member
Meh; CAISO didn't go into the market begging for ~3,000MW by December 1st then give up after only receiving bids for 11MW.
Request for Proposal
canasion35
Active Member
do you understand what capacity markets are? How they differ from actual MW’s on the grid…
nwdiver
Well-Known Member
Yes. That's the problem with ERCOT... they don't have a capacity market.
mspohr
Well-Known Member
Texas faces rolling blackouts this winter
Texans could face plummeting temperatures that may bring controlled power outages in the coming months.
www.newsweek.com
The council has predicted a 14.4 percent chance that it could order controlled outages if Texas experiences a storm similar in nature to the late 2022 cold snap that left more than a million homes across the U.S. without power from December 22 to 25. Controlled outages would be used if temperatures in Texas drop to sub freezing levels and last for an extended period. In January, the chances of controlled outages will grow to about 16.8 percent, ERCOT predicted. The grid operator said the relatively high chances for blackouts are still only likely in extreme winter storms, with the actual likelihood of power outages being much lower.
canasion35
Active Member
We’ll see what actually happens - this is fear mongering imoTexas faces rolling blackouts this winter
Texans could face plummeting temperatures that may bring controlled power outages in the coming months.
The council has predicted a 14.4 percent chance that it could order controlled outages if Texas experiences a storm similar in nature to the late 2022 cold snap that left more than a million homes across the U.S. without power from December 22 to 25. Controlled outages would be used if temperatures in Texas drop to sub freezing levels and last for an extended period. In January, the chances of controlled outages will grow to about 16.8 percent, ERCOT predicted. The grid operator said the relatively high chances for blackouts are still only likely in extreme winter storms, with the actual likelihood of power outages being much lower.
mspohr
Well-Known Member
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