The Public Utility Commission approved a 50 percent increase for the cap on wholesale electricity prices on the Texas electrical grid. That will mean higher prices for ordinary Texans, consumer advocates fear.

The highest wholesale prices on the Texas electrical grid will be allowed to rise by 50 percent starting in August, following a vote by state regulators.

The Texas Public Utility Commission voted 2-0, with one abstention, to raise the “wholesale price cap,” which electricity prices sometimes hit on hot summer afternoons. (The most recent such case was Tuesday.)

Continue reading at