Share this
Three New ERCOT Datasets Every Asset Operator Should Be Looking at
For asset operators and independent power producers (IPPs) to operate efficiently and strategically, they need access to as much data as possible. Based on customer requests, we’ve worked to expand our power market data catalog so asset operators can view all the information they need in our products – fast.
Recently, the Electric Reliability Council of Texas (ERCOT) introduced three new datasets that provide increased visibility into market dynamics, and we have integrated this data into our products so asset operators and IPPs can make strategic decisions using it.
ERCOT Energy Storage (ESR) Data
ERCOT released the Energy Storage Resources (ESR) dashboard in December 2023. This dashboard provides asset operators visibility into the state of batteries, including charging and discharging. This data provides another piece of information to predict near-term price movement. For example, if you see an increase in megawatts (MWs) of batteries charging, combined with high load and a dropoff in wind production, an asset operator could expect a rise in prices.
ERCOT reports this data at the system-wide level and it is updated every five minutes. This is valuable because ERCOT is one of few ISOs to provide visibility into how ESRs play a role in meeting or contributing to demand during highly volatile times. You can now access this data throughout all our products, including PowerSignals®, showcased below.
Source: Yes Energy, PowerSignals product. This shows sudden fluctuations in battery operations in ERCOT on 4/30/24.
ERCOT Generation Outages Data
In December 2023 ERCOT also released the Generation Outages dashboard, which shows the total MWs of planned and forced generation outages for renewable and dispatchable generation facilities at the ISO level every five minutes. This is another piece of market information that provides asset operators visibility into the supply stack and near-term price movement. If there is significant capacity on forced outage it could be a leading indicator of price volatility in the real-time market. This dataset is most relevant to thermal and battery asset managers given that renewable generation is not as dispatchable.
We incorporated this dataset into all of our core products, including in our real-time dashboard product, QuickSignals®, shown below.
Source: Asset operators can use the new generation outage data in QuickSignals to monitor real-time fluctuations in generation capacity on outage.
ERCOT Contingency Reserve Service Data (ECRS)
In June 2023 ERCOT released the new ECRS ancillary service product that provides frequency regulation services on the grid. This is a new reserve service in ERCOT that generation and battery asset operators can participate in. Understanding the pricing trends in this data helps asset operators decide which ancillary service product is most lucrative and whether to participate in the energy or ancillary service markets in the real-time versus day-ahead markets.
We quickly responded to the introduction of the new ancillary service product and modified all our collectors so we would immediately gather this data when available.
Source: Yes Energy, PowerSignals product. This shows a time period in June 2023 that compares the day-ahead prices across the different ancillary service products in ERCOT. The ERCOT ECRS spiked to $536/MWh in the day-ahead market.
Conclusion
These upgrades are just another example of our commitment to providing better data, better delivery, and better direction to asset operators around the globe. Through these enhancements, we aim to help you have a deeper understanding of power markets to optimize your decisions.
Want to learn more about how access to better data can help you Win the Day AheadTM as an asset operator or IPP in ERCOT? Talk to our team of experts or request a demo.
Share this
- Industry News & Trends (96)
- Power Traders (62)
- Data, Digital Transformation & Data Journey (44)
- Asset Managers (36)
- Market Events (30)
- Asset Developers (26)
- Market Driver Alerts - Live Power (25)
- Utilities (24)
- ERCOT (22)
- ISO Changes & Expansion (22)
- Renewable Energy (20)
- Energy Storage / Battery Technology (17)
- Infrastructure Insights Dataset (17)
- Live Power (17)
- PowerSignals (17)
- DataSignals (16)
- Risk Management (15)
- Data Scientists (13)
- CAISO (11)
- TESLA Forecasting (11)
- PJM (9)
- QuickSignals (9)
- MISO (8)
- Power Markets 101 (8)
- SPP (8)
- Financial Transmission Rights (6)
- Position Management (6)
- Snowflake (6)
- EnCompass (5)
- Powered by Yes Energy (5)
- Asset Developers/Managers (4)
- Data Centers (4)
- Solutions Developers (4)
- Submission Services (4)
- Commercial Vendors (3)
- FTR Positions Dataset (3)
- Geo Data (3)
- Battery Operators (2)
- PeopleOps (2)
- AI and Machine Learning (1)
- Crypto Mining (1)
- FERC (1)
- ISO-NE (1)
- Independent Power Producers (1)
- Japanese Power Markets (1)
- Natural Gas (1)
- hydro storage (1)
- August 2024 (7)
- July 2024 (9)
- June 2024 (5)
- May 2024 (7)
- April 2024 (8)
- March 2024 (6)
- February 2024 (9)
- January 2024 (7)
- December 2023 (4)
- November 2023 (5)
- October 2023 (6)
- September 2023 (2)
- August 2023 (6)
- July 2023 (3)
- May 2023 (4)
- April 2023 (2)
- March 2023 (2)
- February 2023 (2)
- January 2023 (5)
- December 2022 (2)
- November 2022 (1)
- October 2022 (3)
- September 2022 (5)
- August 2022 (5)
- July 2022 (3)
- June 2022 (3)
- May 2022 (1)
- April 2022 (3)
- March 2022 (3)
- February 2022 (6)
- January 2022 (3)
- December 2021 (2)
- November 2021 (4)
- October 2021 (4)
- September 2021 (3)
- August 2021 (2)
- July 2021 (4)
- June 2021 (5)
- May 2021 (3)
- April 2021 (3)
- March 2021 (4)
- February 2021 (3)
- December 2020 (3)
- November 2020 (4)
- October 2020 (2)
- September 2020 (5)
- August 2020 (2)
- July 2020 (2)
- June 2020 (1)
- May 2020 (9)
- November 2019 (1)
- August 2019 (2)
- June 2019 (2)
- May 2019 (2)
- January 2019 (1)