The strategist behind Energy Future Holdings’ coal plant buildout said Thursday that it doesn’t make sense to build any power plants right now.
Jonathan Siegler, chief financial officer for Bluescape Resources, said the cost to build any type of new power generation — coal, nuclear, solar, wind or natural gas — is higher than the current price of power.
“The signals are that it’s not time to build,” Siegler said at a conference organized by the University of Texas’ Energy Management and Innovation Center. Siegler was the top strategist for TXU Corp. before it was purchased by private investors and became Energy Future Holdings.
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.