sganesh

You can use code HNOCT24 to bypass the paywall for 2 months to export the user stories, till Oct 31st.

Electric Retailers in Texas are stuck with this ask on ancillary charges. On an average 300x - 400x on a seven day spend. ERCOT chose to keep lights on in some areas, and take it down in other areas to prevent a grid collapse. All these utilities and generators who are now waiting for $2 billion payouts ( not because they actually incurred the cost, instead the algorithm designed to run at peak load kicked in ) instead would have been waiting for the grid to come back up and running up losses. Legislature/ ERCOT / PUC, needs to declare this as ‘act of nature / whatever’ , backdate a clause in the ancillary charges declaring a minimum load based on QSE (Qualified Scheduling Entities that ask for the buy the previous day or before) forecasts to be on the grid. Generators / Utilities now have learnt they can make money on such event, will trigger this a lot more in the future, every minor excuse they can find.

I ran into this issue couple of years and have been iterating on a model, that seems to be working. If you're interested in hearing more about it, ping me please. My email is in my profile.