ERCOT Reacts to Polar Vortex
February 22, 2021
With forecasts of a record-setting storm approaching Texas, buyers and brokers in ERCOT showed a 99% interest in fixed price solutions for the week preceding President’s Day. They maintained that form in the week of the storm with only a 2% interest in flex/index products. These were record-setting weeks for the Risk Appetite Report as we have never seen a market with such overwhelming interest in fixed prices.
Risk Appetite Report 2/15/21 – 2/19/21
The risk appetite gauges above reflect the mix of fixed, flex, and index volume that was priced on behalf of customer requests in the period. The total annual MWh priced represents 80,829,544 for customers with peak demand above 750 KWh.