The summer months are rapidly approaching which means a changes in peak demand.
With the growth of renewables and the increase in coal retirements we may see reduced available reserve margins in several ISO markets.
Markets such as, ERCOT, have reduced reserve margins by 50% due to retirements.
On January 23, 2018 in ERCOT, Real Time Prices hit $9k/MWh due to low generation reserves.
Below shows the large fluctuations between RT prices between 2017 and 2018 in the ERCOT market.
*Report from Potomac Economics www.potomaceconomics.com
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