ERCOT stands for Electric Reliability Council of Texas. It is a non-profit organization that manages the flow of electric power to more than 26 million Texas customers, representing about 90% of the state’s electric load. ERCOT operates the electric grid and manages the deregulated market for 75% of the state, including most of the state’s population centers. ERCOT’s main responsibility is to ensure that the electric supply meets the demand of consumers at all times, and it does this by coordinating the generation and transmission of electricity within the state. ERCOT also oversees the process of determining the wholesale price of electricity, which is used by retail electric providers to set rates for their customers. ERCOT also plays an important role in planning for future electricity needs, monitoring transmission lines, and the overall reliability of the grid.