Naureen S Malik and Mitchell Ferman of Bloomberg report on Texas’ plan to shore up the power grid.
- The Texas Senate has passed S.B.3, which authorizes a buildout of a fleet of new natural gas plants.
- These plants will sit idle and only be used in the case of emergency, but will cost $18 billion to build.
- In addition to being extremely expensive for taxpayers, this plan will largely fail to address grid reliability issues in Texas and distort the state’s competitive energy market structure.
- Texas lawmakers should reject proposals like this which hurt taxpayers, consumer choice, and energy innovation.
“If implemented, the new plants — which would only be used in emergency situations — would be built in two phases over a decade given permitting and supply chain constraints, according to slides of a new study shared by the Lower Colorado River Authority. The potential cost risks derailing Republicans’ plans to overhaul a grid increasingly reliant on renewable energy with fossil fuel plants.”
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.
