Texas Public Utility Commission holds meeting to discuss power grid market redesign

The Texas Public Utility Commission is expected to soon vote on a market redesign, which has been in the works afterThe PUC chair said the purpose of Thursday's meeting was for commissioners to ask questions of the consultants who have been tasked with coming up with market redesign options.

"To analyze how we think the market will perform under each of these market designs," explained Zack Maig, who is director of resource planning for E3."There's multiple proposals before the Public Utility Commission on how we might change the electricity market," he said."It essentially provides credits or extra money for power plants that are available during the hardest hours of the of the year," he explained.

Power plants have been weatherized, and on the whole, performed well during the winter snap over Christmas.

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Vote Thursday Would Incentivize TX Power Providers, Power Companies to Avoid BlackoutsThe Public Utility Commission of Texas (PUC) is set to vote Thursday on a proposal that is meant to help ensure reliability with the state’s power grid. Note that the cost would be passed on to the consumer. Heaven forbid the power companies suffer a dip in profits.
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