Texas regulators on Thursday moved to raise the price cap for wholesale power by 50 percent this summer as a first step to prevent the close call seen last year when a record heat wave strained electric supplies and threatened outages.
The Public Utility Commission of Texas voted 2-1 to move forward with a proposal that would allow wholesale prices to climb to $4,500 per megawatt-hour when supplies are tight, up from the current $3,000 price cap.
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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.