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Texas’ big payoff: How a competitive market made the state a runaway leader in electricity

Mitchell Schnurman of The Dallas Morning News reports on Texas’ competitive electricity market.

>>>Read: Texas Can Improve Energy Reliability without Abandoning its Principles<<<

The C3 Take
  • Electricity competition in Texas has been largely beneficial to the state’s economy, consumers, and the environment.
  • Since Winter Storm Uri hit the state last year, regulators in Texas have debated implementing a capacity market that would force generators to produce excess energy in case of grid failures, potentially increasing costs on consumers and leading to governments picking energy winners and losers.
  • Texas can continue to provide affordable and reliable energy by keeping its competitive electricity market framework.

“While Texas’ competitive market has been ‘remarkably successful,’ said Michael Jewell, a longtime Austin energy lawyer, some lawmakers asked whether the competitive approach should be abandoned in favor of a more regulated model.

‘And the answer, again and again, was no — this was not a market design problem, it was an operational problem,’ Jewell said.”

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.

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