by Raymond Giuliani Legislators got it right. Their thorough analysis of the root causes of the February 2021 electric power disaster took them to exactly the right changes needed to fix those problems. There can never be a guarantee of avoiding weather related power outages, but Senate Bill 2 and […]
by Raymond Giuliani I get it now. ERCOT’s responsibilities go further than just ensuring electric power reliability and facilitating competitive wholesale and retail markets. It is in the business of setting public policy for all Texans. This epiphany came to me through an old ERCOT contact. He was talking with […]
by Raymond Giuliani The great Texas storm in February exposed the identity crisis of ERCOT. It was considered the gold standard for electric power reliability and deregulated market competition, but failed at both. What might we consider to be the root cause? Perhaps ERCOT didn’t have a clear focus on […]
by Raymond Giuliani Looking for accountability at ERCOT? You won’t find much. There is a need to stay within the prescribed operating budgets, but the only generally accepted accountability at ERCOT is to follow the rules established by their stakeholder members. Those stakeholder rules are the result of a never-ending […]
by Ray Giuliani ERCOT 101; Do Texans really believe that a POLITICAL solution to a BUSINESS problem is the right answer to their deregulated electric power market problems? In the late 1990s, the Texas legislature decided to deregulate the electric power industry which included the formation of ERCOT. Prior to […]