{"id":402493,"date":"2021-03-01T10:58:13","date_gmt":"2021-03-01T05:28:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402493"},"modified":"2021-03-01T11:36:05","modified_gmt":"2021-03-01T06:06:05","slug":"texass-power-market-is-1-3-billion-short-after-energy-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/texass-power-market-is-1-3-billion-short-after-energy-crisis\/","title":{"rendered":"Texas\u2019s power market is $1.3 billion short after energy crisis"},"content":{"rendered":"<p>Texas\u2019s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week\u2019s historic blackouts, raising the prospect it may require a state bailout.<\/p>\n<p>The Electric Reliability Council of Texas, which manages most of the state\u2019s grid, said it\u2019s still waiting on more than $2 billion in payments from retail power providers and others after a deep winter freeze caused energy prices to skyrocket. The grid operator, known as Ercot, managed to cover part of that debt by transferring $800 million in revenues from another market but remains $1.3 billion short, according to a notice.<\/p>\n<p>If Ercot can\u2019t come up with the rest, the debt could end being shared by everyone in the market &#8212; even consumers. That may prompt lawmakers to step in and make up the difference, said Evan Caron, chief strategy officer of energy technology firm ClearTrace and a former Ercot trader.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Texas\u2019s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week\u2019s historic blackouts, raising the prospect it may require a state bailout. The Electric Reliability Council of Texas, which manages most of the state\u2019s grid, said it\u2019s still waiting on more than $2 billion in payments from retail power providers and others after a deep winter freeze caused energy prices to skyrocket. The grid operator, known as Ercot, managed to cover part of that debt by transferring $800 million in revenues from another market but remains $1.3 billion short, according [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-402493","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=402493"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402493\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}