The Public Utility Commission of Texas will unveil a long-awaited report Thursday detailing the costs and benefits of three proposals, each of which would dramatically change the state’s deregulated power market if enacted.
Daryl Miller, plant manager for NRG’s WA Parish power plant stands on a platform in Unit 7 on Friday, Oct. 14, 2022 in Richmond.The Public Utility Commission of Texas, which makes rules for the state’s power market, will unveil a long-awaited report Thursday detailing the costs and benefits of three proposals, each of which would dramatically change the state’s deregulated power market if enacted.
“It could change the way costs are allocated among different kinds of resources, like new versus old, fast versus slow, renewable versus fossil,” she said. “And it could also be significant because, depending on what is chosen and how it’s implemented, it has potential to significantly concentrate market power and therefore raise costs both among retail electric providers and among generators.”
The PUC, which oversees ERCOT, is slated to decide which market overhaul plan it will approve by the end of this year, ahead of the 2023 legislative session. The Legislature will provide input before changes are implemented, Silverstein said.The PUC in May awarded Colorado-based E3 Consulting a $364,000 contract to review the three market redesign plans, including one E3 contributed to in October 2021 for energy giants NRG of Houston and Chicago-based Exelon.
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