Emma Newburger of CNBC reports that Texas led the country in renewable energy projects last year.
- Last year Texas installed 7,352 megawatts of renewable energy while California, which installed the second most renewable capacity, brought 2,697 new megawatts to its grid.
- Texas’ free market power structure has been economically and environmentally beneficial to the state, bringing more clean power to the grid while keeping energy prices affordable for consumers.
- Moving forward, regulators in Texas should continue to embrace Texas “energy only” free market model. Transitioning to a more centralized capacity market could have unintended environmental and economic consequences.
“Texas also surpassed other states in the amount of storage it has under construction or in advanced development, reaching nearly 20,000 megawatts, followed by California at nearly 14,000 megawatts.”
Read the full article here.