News Formal

Texas regulator proposes power market overhaul after 2021 freeze

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Public Utility Commission of Texas (PUCT) on Thursday adopted a new market design for the state's electric grid that will see power plants getting paid to be on standby, aimed at securing new generation capacity and increasing grid reliability.

The market redesign is the latest of several efforts by Texas regulators to ensure reliability of electricity supply after a February 2021 deep freeze that killed more than 200 people and left around 4.5 million Texas homes and businesses without power and heat.

The commission also directed the grid operator, Electric Reliability Council of Texas , to "develop bridging options to retain existing power plants and build new generation resources until the PCM can be fully implemented."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 559. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Public Utility Commission could take action to redesign Texas electricity marketOn Thursday, the Public Utility Commission is expected to discuss and possibly take action on a plan to redesign Texas' electricity market.
Source: CBS DFW - 🏆 542. / 51 Read more »

Texas Public Utility Commission finishes up energy market redesign recommendationAt a marathon meeting, Public Utility Commission of Texas commissioners ironed out the energy market redesign recommendation that will be pitched to state lawmakers.
Source: FOX4 - 🏆 289. / 63 Read more »