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Texas Coalition For Affordable Power Enters Agreement With Storage Provider For Ancillary Services At Fixed Prices For Its Members
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The Texas Coalition for Affordable Power (TCAP) announced that it has entered an agreement with Broad Reach Power (BRP) for BRP to provide ancillary services to TCAP members at fixed prices
"After a significant review of market prices and reliability, TCAP entered into an agreement with Broad Reach Power to provide ancillary services to TCAP for a fixed price over a five-year period. With its strong base of energy storage resources across the ERCOT system, BRP collaborated with TCAP to come up with an innovative approach of providing risk management services to help increase its coalition of members and protect their governmental budgets," TCAP said
"The contract fixes the price to TCAP members at an overall level that is often lower than what TCAP has been paying in recent months and provides rate stability to TCAP members avoiding future potential price spikes. Additionally, the contract is designed to provide increased savings to members over the term of the agreement and is flexible enough to accommodate future potential changes in ancillary services procurements," TCAP said
In response to various market changes, "the Texas Coalition for Affordable Power (TCAP) determined it was best for its 162 political subdivision members to move to procuring their own ancillary services at a fixed price instead of relying on the more volatile and higher priced ERCOT market procurements," TCAP said
TCAP aggregates its 162 members (cities, counties, special districts, transit authorities, housing authorities) electric use
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March 6, 2023
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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