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ERCOT admits to violating Texas PUC rules on pricing, disclosures
The Electric Reliability Council of Texas has notified state regulators it has violated several state regulations and ERCOT protocols affecting prices and other issues, some since ERCOT's nodal market start-up in December 2010, which one trader on Tuesday said was "troubling."
From December 2010 through June 7, 2017, ERCOT improperly calculated "proxy energy offer curves" for certain resources and scenarios in its Security Constrained Economic Dispatch (SCED) system, the grid operator said.
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