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swraith

Certifiably Surly
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Everything posted by swraith

  1. Please provide a direct link to how this "future credit" works because the ERCOT settlement protocols say you are 100% wrong. For specific refence, look at Section 9: Settlement and Billing on this page Current Protocols - Nodal (ercot.com) If your post was an attempt to create some kind of metaphor, so be it, but acknowledge that. Because it is factually not accurate. ERCOT has a real time settlement system. The bitminer here contracted an amount of supply for their load. The miner then reduced their load in real time. The ERCOT real time settlement processes look at this imbalance. The imbalance results in the miner have more supply than load. ERCOT then directly pays the miner for this excess energy. It is settled at the interval level. This payment happens on the standard load settlement cycle. Technically the money is going to go to the QSE hosting the miner. However, the miner is the only "customer" in the QSE, so they are going to get all the money. Money is changing hands. The miner can effectively take this money and gamble it in Vegas, have a crazy party in Dubai, they could reinvest in their business, or divest it to owner's of the private company. It is a pure windfall for the miner. The above process is the settlement for the $24.2 million ERCOT is paying Riot for energy sold back. The $7.4 million in demand response credits is a different discussion but it only represents 23% of the $31.7 million reference in this clickbait news story. All of the above is neither good nor bad. It just is how a very complex set of rules have evolved with the Zonal and now Nodal markets in ERCOT. The miner hit the jackpot. Oh and the miner still has to pay its energy supplier for the supply it contracted for. So, subtract that expense from this new "revenue".
  2. This has to be a troll post. new oil burners? no one in the US is building new oil burning power plants. They are incredibly cost inefficient based on their fuel cost and their pollution levels are absurd. Texas is theoretically getting a new nuclear plant. We will see if it actually gets built. Dow, X-energy to drive carbon emissions reductions through deployment of advanced small modular nuclear power As Brisket stated, Transmission and Distribution losses are nowhere near 50%. Here is a citation for Brisket's posted 5%. Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA) The 2 areas ERCOT could easily import from are SPP (lots of wind) and MISO. Both of those have reserve margin capacity that ERCOT could import from. In theory, ERCOT could import more from Mexico as well, but that is far more complicated, from a political perspective. CFE (Mexico Electric Utility) already does importing and exporting across the small DC Tie.
  3. ERCOT has had thermal outages in aggregate at or above modeled expectations for weeks now. Today specifically, wind production is materially lower (but this was seen in the forecast days ago) and its exceptionally hot today. An unfortunate mix.
  4. My daughter's elementary classroom has no functional A/C. It was expected to be fixed prior to school start but it didn't happen. The portable unit in the room doesn't keep up. Her class has relocated to the school library indefinitely until the A/C is fixed. Oh, and the cafeteria has a massive portable A/C that does work. No idea how many years it will be left in place.
  5. That is a lot of fancy trucks that never leave payment.
  6. Is there an associated timeline for this?
  7. In your opinion, why are some religious practices legitimate and others not? Who is to decide what a legitimate religious practice is? Religion can be any held beliefs, not just your standard fair Christian fundamentalist.
  8. Which ERCOT dashboard are you seeing this breakout?
  9. Hooray. We survived today. Let's do it all again tomorrow.
  10. You're barking up the wrong trip with regard to energy efficiency. Abbot just vetoed legislation to improve energy efficiency. So that isn't happening at least from a mandate perspective. Gov. Abbott vetoes energy efficiency bill - EUCI
  11. Its hard for me to understand why Chad and Jennifer Brackeen even challenged the Indian Child Welfare act.
  12. I could not handle being in an environment where making payroll 15 to 30 days out was iffy. Fuck that.
  13. I see a lot of aggy the RTIC. They probably failed to qualify for their loan.
  14. Total load could definitely climb a lot more given the temperatures. Loads closer to 80k are scary. However, current conditions have substantial volumes of wind and solar generation during this week. No CR.
  15. ERCOT has a new 6-day capacity forecast. So far, ERCOT thinks it will survive. Grid and Market Conditions (ercot.com)
  16. I can only hope that Austin fails to live up to that hype.
  17. This is so painful and depressing to read.
  18. Mine is up in Travis County. Market Appraised value up 4.5% Net Appraised up the full 10% as I have several years of catchup accumulated. Dispute every year via Five Stone. Fucking BS....my neighbor's market appraised values dropped vs mine going up.
  19. that was good for a laugh. sucks teachers still get shit on
  20. As others have said, lots of coastal cities. The Gulf coast doesn't count.
  21. It is odd to me that higher education is going to really fight against ChatGPT. I think higher education needs to evolve and move away from the style of testing that aligns with the work product of ChatGPT. Note, I like the idea of oral defense. It transitions away from the written word to a presentation (where I assuming questions are asked) quickly can demonstrate mastery or ignorance of a topic. Further, I strongly believe you are going to see these AI tools used across many industries going forward. The notion that they are forbidden in college but then used extensively in the business world...makes no sense.
  22. Sounds like a cursed truck.
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