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Texas grid operator accused of $16B pricing error

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Electric Reliability Council of Texas, the state's power grid operator, is being accused of making a $16 billion pricing error during the week of the winter storm.

A Reuters report indicates ERCOT kept market prices for electricity too high for more than a day after widespread outages ended.

Potomac Economics, the independent market monitor for the Public Utility Commission of Texas, which oversees ERCOT, disclosed the error in a filing.

Read more from Reuters.

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