The Texas Public Utility Commission has signaled that it is willing to consider allowing wholesale electricity prices to rise during peak demand periods in the state.
The American-Statesman reports that the three commissioners agreed allowing a price increase would encourage investors to build new generation plants across the state.
Currently each megawatt-hour is capped at $3,000.
Find the full article at cbs7kosa.com.
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.