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In most states, power generatorscompanies whose power plants are responsible for most of the electricity delivered to homes and businessessell their electricity on what are called wholesale markets.
Is ERCOT owned by the government?
ERCOT is a membership-based 501(c)(4) nonprofit corporation, and its members include consumers, electric cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers), and municipally owned electric utilities.
What is the ERCOT wholesale market?
ERCOT operates a competitive wholesale electricity market, ensuring reliability over more than 46,000 miles of transmission lines, for approximately 550 generating units and for its customers in Texas.
What is the ERCOT day ahead market?
The Day-Ahead Market (DAM) is a voluntary, financially-binding forward energy market. The DAM matches willing buyers and sellers, subject to network security and other constraints, whereby energy is co-optimized with Ancillary Services and certain Congestion Revenue Rights.
What is the wholesale electricity spot market?
Spot Market (WESM) Centralized venue for large-scale buyers and sellers of electricity where price is based on the interaction of demand and supply.
What is the difference between wholesale and retail electricity prices?
Retail pricing represents the cost that end-use customersincluding residential, commercial, and industrial consumerspay for electricity. Retail prices encompass wholesale electricity costs, such as LMP in nodal markets, as well as transmission and distribution fees, taxes, and regulatory charges.
What is LSE in ERCOT?
Load Serving Entities. Load Serving Entities (LSEs) provide electric service to individual and wholesale Customers. LSEs include Competitive Retailers (CRs) and Non-Opt-In Entities (NOIEs).
Related links
FORM EIA-861 ANNUAL ELECTRIC POWER INDUSTRY
Mar 31, 2020 Form EIA-861 collects information on the status of electric power industry participants involved in the generation, transmission,
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