News Archive Article

ABB software managing ERCOT wholesale market

TEXAS - ABBÂ’s Network Manager Market Management System MMS is now being used to administer the wholesale power market for the Electric Reliability Council of Texas ERCOT.

The software has enabled ERCOT, which operates and manages the flow of electrical power to 22 million customers, to establish a nodal electricity market, bringing substantial improvements in operational efficiency, reliability and market economics.

The nodal electricity market system, which went live on December 1, 2010, provides considerable advantages over the zonal system previously used by ERCOT. Under the management of ABBÂ’s MMS, which is fully compatible with existing third-party systems, the new market system will deliver more rapid and detailed electricity price calculations and scheduling, enabling more effective management of electricity supply and demand. The operational improvements are expected to yield improved transparency in the electricity market and substantial cost savings, in the order of $5 billion, over the next 10 years.

“We are pleased to see the new nodal market up and running, and are proud of the contribution MMS has made,” said Jens Birgersson, head of ABB’s Network Management business unit. “This is an excellent example of how a well-thought-out market system can improve reliability and reduce costs.”

ABBÂ’s MMS solution is the key technology in ERCOTÂ’s new nodal market. It interfaces with supplementary systems, such as congestion revenue rights, network model management systems and credit monitoring, to ensure a robust, transparent and efficient electricity market. MMS is expected to improve the coordination of 550 generating units in the state. The system will ensure that demand is met cost-effectively and that renewable generation resources are fully integrated into the system. Texas has the largest installed wind power capacity in the US, and the nodal system, with its rapid response rates, is well equipped to accommodate the unpredictable nature of this renewable energy source.

Related News

EPA Policy to limit telework emerges during pandemic

WASHINGTON - EPA has moved forward on a new policy that would restrict telework even as agency leadership has encouraged staff to work from home during the coronavirus outbreak.

The new EPA order obtained by E&E News would require employees to report to the office at least three days every week.

"Full-time employees are expected to report to the official worksite and duty station a minimum of three (3) days per week," says the order, dated as approved on Feb. 27. It went into effect March 15 — that night, EPA Administrator Andrew Wheeler authorized telework for the entire agency due to…

READ MORE

Scotland’s Wind Farms Generate Enough Electricity to Power Nearly 4.5 Million Homes

READ MORE

everything-electric-returns-to-vancouver

"Everything Electric" Returns to Vancouver

READ MORE

blue sky transmission line

Duke Energy Florida to build its largest battery storage projects yet

READ MORE

‘Tsunami of data’ could consume one fifth of global electricity by 2025

READ MORE