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Texas plan to stop next grid disaster could cost customers billions

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.

The C3 Take
  • 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.

“And because key details remain unclear about how NRG and Exelon’s LSEO plan would assess the costs of paying generators to remain available to provide power during grid emergencies, it’s possible that the plan could drive up costs to wholesale energy market participants by as much as $30 billion in 2025, the report finds.”

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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