ERCOT CEO Stuns Texas Officials With New Estimate For Power Needs
David Blackmon | Source: Forbes | Posted 06/14/2024
The Texas power grid managed by the Electric Reliability Council of Texas (ERCOT) seems set to continue what appears to be an inexorable decline into instability following Wednesday’s testimony from ERCOT president and CEO Pablo Vegas.
AI generated summary
The Electric Reliability Council of Texas (ERCOT) is facing challenges as its president, Pablo Vegas, highlighted the need for a significant increase in generation capacity to cater to the rapidly rising demand on the state's power grid. Vegas mentioned that the grid might require up to 150,000 MW by 2030, attributing the need for more capacity to unanticipated demands from industries like AI data centers and crypto-mining. This projection has startled Texas policymakers and raised concerns about the sustainability of the current system, as the state's ratepayers might bear the burden of billions of dollars in investments for additional capacity.
Texas Lieutenant Governor Dan Patrick expressed surprise at the demand projections and criticized industries like AI and crypto-mining for placing strain on the grid without delivering significant public benefits. The rising power rates, which have increased rapidly in recent years, are proving to be a challenge for Texas residents. Despite efforts to encourage new natural gas generation through incentives like the Texas Energy Fund, the projected costs and timeline for capacity expansion indicate a pressing need for immediate action to avoid grid instability akin to what has been seen in other states.
Link to Original Article
Please find the link to the full article below. (Please note that content provider might require a paid subscription)10/22 - 9:30 AM
ERCOT - PWG Meeting - Webex Only10/22 - 9:30 AM
ERCOT - DWG Meeting - Webex Only10/22 - 9:30 AM
ERCOT - CFSG Meeting10/23 - 9:30 AM
10/22/2024
Meeting Summary - Project No. 53911 , Aggregate Distributed Energy Resource (ADER) ERCOT Pilot Project10/22/2024
West Texas solar facility now generating power for CPS Energy10/22/2024
Can America keep up with AI’s energy appetite in the race with China?10/22/2024
How Texas can show the path to energy abundance10/22/2024
Five more GET projects selected to receive second-round GRIP funds from U.S. Energy Dept.JOINT APPLICATION OF THE CITY OF SAN ANTONIO, ACTING BY AND THROUGH THE CITY PUBLIC SERVICE BOARD (CPS ENERGY), AND SOUTH TEXAS ELECTRIC COOPERATIVE, INC. (STEC) TO AMEND THEIR CERTIFICATES OF CONVENIENCE AND NECESSITY FOR THE PROPOSED HOWARD ROAD-TO-SAN MIGUEL 345-KV TRANSMISSION LINE IN BEXAR AND ATASCOSA COUNTIES - (45 filings)
APPLICATION OF TEXAS-NEW MEXICO POWER COMPANY FOR APPROVAL OF A SYSTEM RESILIENCY PLAN - (40 filings)
CY 2024 ELECTRIC UTILITY TRANSMISSION CONSTRUCTION REPORTS UNDER 16 TAC § 25.83 - (36 filings)
REPORT ON DISPATCHABLE AND NON-DISPATCHABLE GENERATION FACILITIES - CY2024 - (34 filings)
COST RECOVERY FOR SERVICE TO DISTRIBUTED ENERGY RESOURCES (DERS) - (33 filings)
BROKER REGISTRATIONS - (30 filings)
APPLICATION OF AEP TEXAS INC. FOR APPROVAL OF A SYSTEM RESILIENCY PLAN - (30 filings)