ERCOT, NEPOOL: The Divergent

February 21, 2025

Risk on in ERCOT and risk off in NEPOOL. This is the story, not just this week, but historically. Buyers and brokers in ERCOT doubled their interest in pricing requests with some market-based risk. Their counterparts in NEPOOL once again said no thanks with a preference for the lowest possible range of outcomes. In the middle of these two extremes sits NYISO and PJM.

Risk Appetite Report 02/17/25 – 02/21/25

The risk appetite gauges above reflect the mix of fixed, flex, and index volume priced in the period for customers with peak demand above 750 KW.