“A Retreat from Electric Competition: How a Texas Capacity Market Will Lead to Expensive Subsidies, New Regulations and Higher Prices”
ERCOT officials will release a new report later this year that should incorporate a more robust modeling technique. The findings may play an important role in the ongoing debate over resource adequacy — and could have a real impact on how much we all pay for electricity.
A big electric company claims a capacity market in Texas would be worth it. But at a cost of nearly $5 billion annually to consumers, the question might be asked: worth it for whom?