Settlement price economics
Observed ERCOT settlement prices at RUSSEKST_RN over 364 days (2025-09-07 to 2026-09-06).
- Average price
- $48.98/MWh
Mean hourly settlement price
- Hourly range
- -$30 to $1,178
Lowest and highest settled hour
- Negative price hours
- 837
of 8,728 settled hours
- TB2 spread benchmark
- $103.7/kW-yr
$142.48/MWh average daily spread
The TB2 figure is a price benchmark, not revenue: it values one perfect-foresight cycle per day between the 2 cheapest and 2 dearest hours of each day, gross of round-trip losses, and excludes ancillary services. It describes what this node’s price shape was worth over the window — it is not this asset’s realized capture, and no dispatch is assumed or modelled.