When Texas’ wholesale power prices spiked unexpectedly in 2008 due to problems with power line congestion, a handful of small electric retailers went out of business, leaving tens of thousands of customers on higher-priced plans with back-up providers.
When power prices spiked again this February due to a lengthy cold snap shutting down power plants, one firm went out of business, but it happened in a much less disruptive way for the customers.
Read the full article at Fuel Fix.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.