Electric Reliability Council of Texas | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-16

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Electric_Reliability_Council_of_Texas


00:01:35 1 History
00:04:44 2 Governance



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- Socrates


SUMMARY
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The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power on the Texas Interconnection that supplies power to more than 25 million Texas customers – representing 90 percent of the state's electric load. ERCOT is the first independent system operator (ISO) in the United States and one of nine ISOs in North America. ERCOT works with the Texas Reliability Entity (TRE), one of eight regional entities within the North American Electric Reliability Corporation (NERC) that coordinate to improve reliability of the bulk power grid.As the ISO for the region, ERCOT dispatches power on an electric grid that connects more than 46,500 miles of transmission lines and more than 550 generation units. ERCOT also performs financial settlements for the competitive wholesale bulk-power market and administers retail switching for 7 million premises in competitive choice areas.ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas (PUC) and the Texas Legislature.ERCOT's members include consumers, electric cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers), and municipally owned electric utilities.Power demand in the ERCOT region is highest in summer, primarily due to air conditioning use in homes and businesses. The ERCOT region's all-time record peak hour occurred on July 19, 2018, when consumer demand hit 73,259 MW. A megawatt of electricity can power about 200 Texas homes during periods of peak demand.