Texas’ utility regulator had an opportunity Friday to eliminate some of the $16 billion that the state’s the grid operator erroneously overcharged power companies during last month’s deadly winter storm — but the board of the Public Utility Commission chose…
Month: March 2021
Texas cuts ERCOT cap from $9,000/MWh to $2,000; summer exemption mulled
Houston — Texas regulators March 3 ordered the resumption of a scarcity-pricing rule that changes the Electric Reliability Council of Texas systemwide offer cap from $9,000/MWh to the higher of either $2,000/MWh or 50 times a natural gas fuel index…