Did ERCOT’s shift from zonal to nodal market design reduce electric power prices?

Jay Zarnikau, C.K. Woo, and Ross Baldick have examined whether the shift from a zonal to nodal market design in the ERCOT power market had a noticeable effect on electric energy prices. The resulting article, published in the Journal of Regulatory Economics, and this post may be a bit geekier than we usually get around here. … More Did ERCOT’s shift from zonal to nodal market design reduce electric power prices?

Nodal pricing coming to Texas wholesale power market

Michael Giberson A story by Purva Patel in the Houston Chronicle does a reasonably good job explaining the upcoming shift from a zonal to a nodal market design for the ERCOT market in Texas. It is a complicated matter and hard to convey to non-specialist readers. (In fact, even some specialists appear confused about parts … More Nodal pricing coming to Texas wholesale power market