Jeff St. John of Canary Media writes on a new report that has found that proposed changes to Texas’ grid would increase costs and limit reliability.
- Regulators in Texas are looking to increase the reliability of the state’s grid by changing Texas’ electricity market structure.
- The proposed changes would increase wholesale electricity costs by $22.5 billion through 2030 and fail to make the grid more reliable.
- Restructuring the market would also make the grid less competitive, as it is in California and Europe, and lead to the government picking energy winners and losers.
- To increase grid reliability and reduce costs, regulators and leaders in Texas should look to increase competition and allow the market to drive energy innovation.
Read the full article here.