The Public Utility Commission of Texas (PUC) has abandoned a performance credit mechanism intended to bolster grid reliability. The program, designed to incentivize electricity providers to invest in dispatchable power sources, was deemed ineffective due to a limited budget and projected minimal impact on grid capacity.
Public Utilities Commission Chairman Thomas Gleeson speaks during a meeting on July 11, 2024. The PUC on Wednesday shelved the performance credit mechanism , which aimed to increase the power grid's reliability, saying it would fall short of that goal.The Public Utility Commission on Thursday shelved the performance credit mechanism , a controversial idea that was designed to bring more power onto the state grid and increase its reliability.
The idea would have required electricity providers — the companies, co-ops and municipal utilities that sell power to people — to pay more to generators that committed to having electricity available when grid conditions get tight. Electricity providers then could have passed those extra costs onto consumers.
The PUC on Thursday pointed to other mechanisms that commissioners said would do more to increase reliability.
Reliability Texas Grid Performance Credit Mechanism Dispatchable Power
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