Texas Grid Batteries Log 13 GW Discharge, Cut Peak Prices in Half
ERCOT's 14.96 GW / 24.6 GWh battery fleet discharged a record 13,256 MW on August 23, keeping real-time 4pm peak prices near $46/MWh -- roughly half the $85/MWh seen at the same point in 2023, with evening spikes that once approached the $5,000/MWh statutory cap now largely absent. Zero conservation appeals were issued this summer, versus six in late August 2023.
- ERCOT battery fleet peaked at 13,256 MW discharge on Aug 23; installed base 14.96 GW / 24.6 GWh
- 4pm peak real-time prices roughly $46/MWh this summer vs $85/MWh in 2023; evening cap spikes effectively eliminated
- One analyst noted batteries have cannibalized their own lunch by suppressing the price events that justify their returns