Please be aware that on March 5th, The Electricity Reliability Council of Texas (ERCOT) released its preliminary Seasonal Assessment of Resource Adequacy (SARA) report for summer 2019.
In this report, ERCOT has once-again forecasted higher prices throughout the summer season. Rising temperatures, shrinking reserves and larger than expected demand could set Texas up for the perfect storm.
“Prior to each season, we consider a range of potential risks to determine whether there will be sufficient capacity to meet the expected peak load forecast,” said ERCOT President and CEO Bill Magness. “In all of the scenarios studied, we identified a potential need to call an energy alert at various times this summer.”
Last year saw increased wholesale and retail prices in Texas due to low reserve margins and hot weather, and this year looks to bring more of the same.
“We know they (prices) will increase,” said Pete Warnken, ERCOT’s manager of resource adequacy.
WHAT THIS MEANS TO YOU
EMEX is a technology-driven energy firm that facilitates the procurement of electricity and natural gas supply alongside innovative, cost-cutting energy solutions across North America. EMEX has developed a proprietary procurement technology platform that uncovers the lowest rates for electricity and natural gas supply in all deregulated markets.
EMEX’s highly skilled team educates customers about the workings of and options available in the energy market place in order to ensure the best energy solution. EMEX is headquartered in Houston, TX, with additional operations in Dallas, TX; Waco, TX; Cleveland, OH and Trenton, NJ.