On June 28, the Texas Public Utility Commission, the state agency that regulates energy, will likely vote on whether to sharply increase the top amount that electricity generators can charge retail providers such as Reliant and TXU for power when supplies run short. In other words, when we’re all whimpering and cranking the AC. In other words: August, when the increase would take effect.
The change would raise the price cap from $3,000 per megawatt hour to $4,500, increasing costs for retail providers when the grid gets taxed. Supporters insist that allowing power generators to charge more will encourage them to build more plants, thus saving the lights from going dim in the future.
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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.