Proposed power market overhauls could cost $460M more a year

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PUC, consultants recommend power market overhauls that could cost customers $460M more a year

Public Utility Commission Chairman Peter Lake speaks during an interview in his office on Thursday, Sept. 2, 2021 in Austin, TX. Lake spoke about the state of the energy situation in Texas and how they are looking for ways to give Texans energy without interruptions or losses.

"That was the plan from the beginning. The blueprint we adopted last December specifically articulated the possibility and intent to identify a hybrid solution to capture the best features of these proposals and discarding the flaws to develop a hybrid product that harnesses the best of each," he said.

The study's authors from E3 said their review fails to consider the effects of another deep freeze on peak winter demand, adding that"such analysis is beyond the scope of this study." Both the recommended plans are essentially capacity markets, said Ed Hirs, energy fellow with the University of Houston. Those types of market designs pay generators to be available to meet peak electricity demand.

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I wish I could charge my clients for tools I need to do do my job. I got an idea, I'll become a Republican. All I have to do share some of the profits in donations to the Texas GOP.

Disgrace of GOP leadership.we should get what we pay for already

GovAbbott what are yo planning to do?

And with this election, the grift continues…at our expense. Thanks, Tio Greg. 🙃

The grift meter is maxing out from the sound of this report

lol, republicans voting against their own interest. Sucks to suck

So are they going to tell everyone's employers that every employee will need a raise in order to pay their electric bill?

Thank abbot, he pocketed almost that much and swore it was in fine shape, and you fools gave him another chance.

Way to go, Texas. Enough of you thought it was a good idea to leave a corrupt governor in charge. All of our problems are going to get exponentially worse now. Thanks! 🙄

Abbott is gonna get his money.

It’s okay. Thanks to Abbott, I have the freedom to warm my home by firing an ar-15 until it heats up. I’m also inventing a generator powered by firing a gun at a target that will propel a turbine. That way my fellow Texans can simply shoot the cold away.

It’s almost like Republicans only care about corporations and not ordinary people. Oh wait. That’s exactly it.

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