Keep Pace with the Transforming Energy Market

Since the start of the year, the Texas power market has been heating up.  In January, there were signs that this year was going to be different when energy prices in the Electric Reliability Council of Texas (ERCOT) cleared $1,000 per megawatt hour (MWh) and, for a few brief periods, were as high as the $9,000 per MWh price cap. The increasing prices are a welcome sign for many Texas power generators, which have suffered through a bear market for the past three years with the average energy price from 2015 through 2017 of just $23 per MWh.

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