Texas Public Utility Commission finishes up energy market redesign recommendation

At a marathon meeting, the five commissioners ironed out the energy market redesign recommendation that will be pitched to state lawmakers."Take a vote on a reliability service to fulfill our statutory obligations under SB3," PUC Chair Peter Lake said.

Widespread power outages left millions of Texans in the dark for several days, and more than 200 died from complications related to exposure. "Essentially, rewarding resources for being available during the tough times of the grid," Rhodes explained. "To add extra payments to power plants that are available during a to be determined number of hours that are the hardest for the grid to match supply and demand," Dr. Rhodes added.But someone has to pay for those credits.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Public Utility Commission, power developers mull changes to Texas electric market design - Dallas Business JournalAs the Public Utility Commission weights options for redesigning the Texas power market, power plant generators say a new design is needed to incentivize building new projects within the state.
Source: DallasBizNews - 🏆 525. / 51 Read more »

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 »