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ERCOT Announces Accelerated Target Date For Real-Time Co-optimization Go Live
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ERCOT today announced an accelerated target go-live date for implementation of Real-Time Co-optimization (RTC), specifically Real-Time Co-optimization plus Batteries (RTC+B), in the ERCOT market
ERCOT said that the target go-live date for RTC+B is now December 5, 2025
Previously, ERCOT had contemplated that RTC implementation would occur in mid-2026
"The target go-live date represents an important milestone in ERCOT’s confidence for planning and tracking the completion of the RTC project for a more dynamic and efficient wholesale power market," said ERCOT President and CEO Pablo Vegas
ERCOT noted that, "Since the initial RTC market design program, requirements have been enhanced to include functionality changes to account for the expansion of Battery Energy Storage Resources in the ERCOT market, which expanded the project to the Real-Time Co-optimization + Batteries (RTC+B) program."
"Once implemented, these enhancements will provide operational and reliability benefits to the ERCOT system as well as estimated annual wholesale market savings in excess of one billion dollars," said ERCOT Vice President of Commercial Operations Keith Collins. "We expect significant savings to pass down to Texas electric consumers as a result."
"The RTC+B program has successfully completed each milestone for business requirements and interface specifications and is now positioned to begin system testing in early 2025. Market trials will commence in May and run through November 2025, with the cutover to implementation by the targeted December 5 go-live date," ERCOT said
ERCOT noted that, "The RTC+B program involves key interdependencies and milestones for the path forward to go live in late 2025."
"ERCOT will continue to monitor additional milestones in the coming months involving ERCOT and Market Participants that will allow us to confirm the December 5, 2025, go-live date or adjust if necessary," ERCOT said
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September 13, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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