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.
Read the full article here.