Sep 26, 2026 | Policy & Regulations, Renewable Energy, Smartgrids
When a power grid gets close to running short, Texas does not pay anyone to keep a plant on standby. It raises the price instead. The Operating Reserve Demand Curve — the ORDC — adds an automatic premium to real-time electricity as spare capacity shrinks, climbing...
Sep 24, 2026 | Policy & Regulations, Renewable Energy, Smartgrids
An energy-only market pays a power plant for one thing: the electricity it actually generates, priced moment to moment. A capacity market pays it twice — once for that energy, and again, years in advance, simply for promising to be available when demand peaks. That...
