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A comment on Breaking down a record-setting day on the Texas grid. Parent comment

Re:Breaking down a record-setting day on the Texas grid by gruez on Thursday August 22, 2024 @08:23AM (#41319476)
>the fat cats who own ERCOT don’t like that.

And who are those? Wikipedia says:

>ERCOT is a membership-based 501(c)(4) nonprofit corporation,[11][12] and its members include consumers, electric cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers), and municipally owned electric utilities.[13]

It's not "owned" by anyone.

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Re:Breaking down a record-setting day on the Texas grid by herewego on Thursday August 22, 2024 @09:13AM (#41319887)
You are uninformed. ERCOT is heavily influenced (“owned”) by Investor Owned Utilities (IOUs) and market makers that are profit seeking entities. This is true of all ISOs for all intents and purposes. It is the primary reason why the U.S. grid is slow to innovate/change, e.g., implementing distributed generation participation in wholesale markets, etc.
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Re:Breaking down a record-setting day on the Texas grid by bradknowles on Friday August 23, 2024 @12:39AM (#41326216)
Thank you! You said it better than I could have!
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