With the margin of electric generation capacity that exceeds electric demand falling below its targets in the coming years, the Electric Reliability Council of Texas (ERCOT) has launched a tool to reduce electric use temporarily during periods of high consumption.
The tool, which is based on anticipated electricity prices, allows energy consumers to look ahead and see what ERCOT expects real-time wholesale market prices to be during the next hour. The pricing forecasts are updated every five minutes.
via ERCOT strives to balance generation and load with real-time pricing tool – FierceEnergy.
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