cost for providing the incentives is at least $460 million, which would ultimately be passed on to electricity customers in the state.
“Time is of the essence. Texas is adding new residents and businesses every year, and the demands on the power grid will continue to grow,” Governor Abbott wrote in ato the members of the PUC in support of approving the credit system. “I have full confidence that you will be able to meet this new demand by adopting and implementing a new market design that prioritizes reliability and meets the directives passed during the last legislative session.
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Note that the cost would be passed on to the consumer. Heaven forbid the power companies suffer a dip in profits.