Brian Ross wrote on Feb 23
rd, 2021 at 1:00pm:
"ERCOT is a membership-based 501(c)(4) nonprofit corporation,[12][13] and its members include consumers, electric cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers), and municipally owned electric utilities.[14]"
Source: wiki.
So ERCOT is not an electricity provider. They do however operate the grid.
So I think they are after the wrong people.
Energy providers in Texas do not have to stockpile supplies for an emergency. And the Fed's limited the price that providers could sell for.
"with respect to any Specified Resource that is an ERCOT Generation Resource or Settlement Only Generator whose operator notifies ERCOT that the unit is unable, or expected to be unable, to produce at its maximum output due to an emission or effluent limit in any federal environmental permit, ERCOT shall ensure that such Specified Resourceis only allowed to exceed any such limit during a period for which ERCOT has declared an Energy Emergency Alert (EEA) Level 2 or Level 3. This incremental amount of restricted capacity would be offered
at a price no lower than $1,500/MWh. Once ERCOT declares that such an EEA Level 2 or Level 3 event has ended, the unit is required to immediately return to operation within its permitted limits; "
https://www.energy.gov/sites/prod/files/2021/02/f82/DOE%20202%28c%29%20Emergency...So they should sell at a point no one was prepared to pay?