Will ERCOT have a summer version of their winter woes? | Josh Aldridge on Margin Call
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Don’t look now, but ERCOT’s summer capacity forecast isn’t too promising with peak demand projected to hit a new record of over 77,000 MW. Will ERCOT have a summer version of their winter woes? Identifying the root cause of Texas power problems isn’t as easy as many are led to believe, but just how many factors are contributing to situation, and why does the PUCT seem so out of sorts? How is it that an electric energy market that was once touted as one of the best in North America, is now being exposed as a hotbed of corruption and cronyism?
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