Just Energy Group Inc. (Canada) JENGQ

RE:Why ERCOT increase price to the maximum???

[Capharnaum]

GaillardDeshaie wrote: Hi JE longs, here is WHY Ercot increase the price of energy.  Some power equipements to generate electricity were frozen or run of fuel...so its reduced the offering compared the increase of demand and CREATED a distortion between offer VS demand.  The price never should be that high.  Energy retailers should not be penalized and paid the bills for that power equipements failure.  I hope and I think JE will go through that shituation very soon and get back as business as usual.  GLTA   Gaillard

It's a mechanic to lower downtime during which there is a power failure. If they didn't raise the prices, the length of the blackout for customers would have lasted much longer. It's a pro-consumer measure specifically designed for those kind of scenarios.