S&P Expects Continued Struggles for ERCOT and Texas Generators

Mar 16, 2017

by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC.  All rights reserved

On 3/15/17, Electric Light & Power highlighted a 3/13/17 report, released by S&P Global Ratings, which confirmed “the weakening conditions in the Electric Reliability Council of Texas, the power market that covers much of the power generation in the state. S&P first reported on ERCOT’s challenges in April 2015, which led to several downgrades and forecast revisions. The ratings group expected power prices to increase slightly for ERCOT’s generators in 2016 and 2017, but this latest report says differently. The duration and extent of weak ERCOT power prices now suggests a longer-term, secular challenge, which isn’t likely to reduce credit concerns in the near-term, the report says.

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