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Project #37897

PUC Proceeding Relating to Resource and Reserve Adequacy and Shortage Pricing

Summary

The proposed new §25.508, notwithstanding §25.505, would increase the high system-wide offer cap to $4,500 beginning August 1, 2012 through May 31, 2013.

Although Texas currently has an adequate and reliable supply of electricity available to meet its projected demands, the Commission seeks to ensure that all possible generating units are available and ready to serve the Electric Reliability Council of Texas (ERCOT) market during the upcoming summer months. For the specified time period, the proposed new section increases the high system-wide offer cap applicable to resources in the ERCOT market to ensure that the price signals in the ERCOT market are adequate to maintain continuous electric supply for this summer. In P.U.C. Rulemaking to Amend P.U.C. SUBST. R. 25.505, Relating to Resource Adequacy in the Electric Reliability Council of Texas (ERCOT) Power Region, Project Number 40268, the commission is proposing changes to the ERCOT offer caps for time periods after May 31, 2013.

Staff Assigned

Jason Haas, Legal, 512-936-7295
Shawnee Claiborn-Pinto, 512-936-7388

Project Schedule

The adopted rule will be published on July 13, 2012 and effective July 19, 2012.

Documents Available

Order Adopting New §25.508 as Approved at the June 28, 2012 Open Meeting | MSWord (.doc)
Proposal for Publication of New §25.508 as Approved at the April 12, 2012 Open Meeting | MSWord (.doc)