Power market overhaul embroiled in potential conflict of interest

The PUC — saying it wants an impartial review of the market overhaul proposals — has hired E3 to analyze the plans, including its own.In October, Colorado-based E3 Consulting offered a plan for how the Public Utility Commission should redesign Texas’ deregulated power market. It produced a 44-page proposal, paid for by energy giants NRG and Chicago-based Exelon.

“Through this competitive process, it was determined E3 presents the best value to Texans for this project,” he wrote.But energy experts said the contract casts a shadow of bias over the market redesign process. — and electricity retailers — those who sell power to consumers — contract directly with power generators to make sure they have enough generation to meet demand. Similar markets, however, have the grid manager — such as the Electric Reliability Council of Texas — contract with generators to ensure they have enough power, said Oliver Kerr, head of the U.S. division of Aurora Energy Research.

Potomac monitors ERCOT to ensure companies don’t cheat in the wholesale power market, where power producers compete to supply the cheapest electricity.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Kenyan energy company entices Bitcoin miners with geothermal powerKenya currently has no tracked Bitcoin mining activity, but that could change in the near future if power company KenGen manages to attract miners to soak up its excess geothermal energy. Who cares😡 NewarBrian The best time to buy Bitcoin is when fear & greed index is extreme fear, when all donkeys (small/big whales and fish) are fearful. Watch out 85k in August NewarBrian KenGen claims 86% of its energy is generated from renewable sources, mostly geothermal from pockets of ground source heat in the Great Rift Valley. It has space at its new industrial park in Olkaria, near its flagship geothermal power station, which could be rented to miners.
Source: Cointelegraph - 🏆 562. / 51 Read more »

California may give fast food workers power to bargain with their industryAB 257 threatens to upend the fast food franchise business model in California. It would create a state-run council to negotiate wages, hours and working conditions for an industry that employs more than 700,000 people in the state. Bingo! Looks like on top of current skyrocketing prices for goods and services, we will face even more increase of cost for fast-food chain restaurants. Correct me if am I wrong ?
Source: CalMatters - 🏆 261. / 63 Read more »