Doug Lewin explains the current state of the Texas power grid.
- After months of uncertainty surrounding proposed changes to the Texas power grid, the state legislature has voted to strike down (or reform) several measures that would hurt consumers and renewable power in Texas.
- One proposal that passed the Senate but failed in the House would have implemented an onerous and restrictive permitting process for renewables.
- The Legislature capped the cost of the Performance Credit Mechanism, which would have redesigned the state’s power market to favor natural gas over renewables, to $1 billion which is far less than its estimated $6 billion price tag.
- While these are wins for ratepayers and clean energy, the state did not address the root cause of blackouts during Winter Storm Uri (a lack of winterized infrastructure), which could lead to blackouts in the future.
“Fortunately, the damage from the session is minimal, and entrepreneurs and innovative companies can continue to bring solutions and power to the still dynamic Texas electric market, despite the misguided attempts of some policymakers and special interests to keep them out.
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
