Only once before in the history of the ERCOT power grid have prices hit the $9,000 mark.
The Dallas Morning News, in a June 19 editorial, urged the PUC to create rules for battery storage.
Unlike residential customers, commercial and industrial customers during 2017 paid comparatively less under electric deregulation.
A Virginia-based consulting firm, Potomac Economics, serves as ERCOT’s Independent Market Monitor.
The persistent price gap between deregulated and non-deregulated electric prices for Texas residential consumers has almost vanished.
The proposal has drawn opposition from groups all across the political spectrum — in great part because of its staggering price tag.