One possibility would be for ERCOT to increase the spinning reserve ancillary payment to say $500 or $1000 per MWH 2 or 3 days in advance of a specified weather or temperature. This would motivate generators to be warm going into the event. As I understand it many of the failures were due…
Mark Houldsworth commented on Question of the Week: What do you think is the solution to the power-grid failure during last week's frigid weather?
One possibility would be for ERCOT to increase the spinning reserve ancillary payment to say $500 or $1000 per MWH 2 or 3 days in advance of a specified weather or temperature. This would motivate generators to be warm going into the event. As I understand it many of the failures were due…