Many state lawmakers are preoccupied with crafting state laws that will lead to new natural gas power plants in Texas. The focus on electricity sources that...
operator ERCOT has a novel idea for how state officials should tackle restructuring Texas’ electricity market in the wake of 2021′s deadly winter storm: do nothing.
At stake is the resiliency of the state’s electric grid, which was pushed to the brink of collapse in the February 2021 winter storm that led to widespread blackouts and killed more than 200 Texans. The chosen market structure also will trickle down to most Texans’ electric bills, likely increasing their monthly charge for keeping the lights on.
“We are confident that investment in dispatchable gas resources will continue and possibly accelerate,” Potomac wrote. No estimates have been made calculating the actual impact the market redesign would have on people’s electric bills. But consumers have seen their electric bills soar in the past year, driven by historic inflation levels and surges in natural gas prices.
“Whether it is incentivizing them, whether it’s building them, whatever the plan is, I personally cannot see myself leaving this building knowing that another [winter storm] Uri can happen,” he said.
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