Location
Headquarters: Austin, Texas, United States, North America
Region: Texas
Country: US
Continent: North America
About
ERCOT is a non-profit organization that manages the flow of Texas' power supply, ensuring reliable electric service for 90% of the state. It facilitates a competitive wholesale and retail market, and ensures open access to transmission. ERCOT has four primary responsibilities: maintaining system reliability, facilitating a competitive wholesale market, facilitating a competitive retail market, and ensuring open access to transmission.
The Electric Reliability Council of Texas (ERCOT) operates as the independent system operator for the majority of the Texas electric grid. It manages the flow of power to 27 million customers, schedules generation, and handles financial settlements for the wholesale bulk-power market. Additionally, ERCOT administers retail switching for premises in competitive choice areas under the oversight of t
1970
for_profit
active
Industries
Primary Industry: Energy, Utilities & Waste
Categories
Funding & Financials
Late Stage
200m-1b
nonprofit
Leadership
Technology Stack
Products
Electric Grid Management: Manages the flow of electric power to approximately 24 million Texas customers, overseeing generation units and transmission lines to maintain system reliability.
Wholesale Electricity Market Facilitation: Operates a competitive wholesale electricity market that enables buying and selling of electricity among generators and retailers within Texas.
Retail Electricity Market Facilitation: Supports a competitive retail electricity market by enabling consumer choice among retail electric providers in Texas.
Transmission System Open Access Management: Ensures open and non-discriminatory access to the electric transmission system for all market participants in Texas.
Texas Advisory and Notification System (TXANS): A communication tool that provides early notifications and updates about grid conditions and potential high demand periods to the public and stakeholders.