| David |
03-05-2021 04:30 PM |
I watched power price almost constantly during the freeze and I saw it fluctuate quite a bit. It hit $9,000 a lot (too much) but it also moved around every 15 minutes like it's supposed to.
I do believe that once they set it to $9,000 and no more power came on line for a couple hours, they should have backed it down to something like $1,000, but reports that it stayed pegged at $9,000 doesn't match what I witnessed on the ERCOT website that I was monitoring.
Of course I didn't know about the excessive ancillary charges that were being charged so maybe I don't know all that was going on with prices either.
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