Real Time Data on MCPE Market Price for Texas

MCPE stands for Market Clearing Price for Energy and is the bare bones price that Texas companies generally use to fashion a custom tailored contract when they are buying their energy in large blocks. Essentially MCPE allows a Texas company to use the block purchase of power and then go over that purchase without penalty. The company simply pays whatever the variable market rate is at that time. The MCPE price for energy is a variable rate that changes every 15 minutes and is historically much lower then a fixed price rate. The smartest way to use MCPE pricing is in a block purchase contract when you know about how much energy you will use but don't want to pay a large amount when you go over the usage you have forecasted. This market price is continuously posted and available on ERCOT.