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Everyday Texans may be footing the bill (again) if big electric consultants have their way with grid
My gas and electric utility bills have been increased by $60 per month to pay the Abbottax. Now Greg wants to add to the Abbott time to reward some donors
Link to tweet
https://www.houstonchronicle.com/business/columnists/tomlinson/article/Everyday-Texans-may-be-footing-the-bill-again-17135075.php
The largest electricity generators, such as NRG, have wanted the PUC to tweak the wholesale market for a long time. Even before the 2021 February Freeze, when the Electric Reliability Council of Texas’s grid collapsed and left more than 200 people dead, generators complained they did not make enough money in our market because the competition was too hard......
Last year, experts at Potomac declared that former PUC Chair DeAnn Walker and ERCOT CEO Bill Magness violated market rules when they artificially kept wholesale prices at $9,000 a megawatt-hour for too long during the blackout, even though prices would have been $1,200 under market rules. Potomac said the decision wrongfully stuck Texas consumers with a $16 billion bill.
An interim PUC chair refused to correct the error before he was forced out, and Texans will be paying that debt for decades.
When the new PUC began discussing new rules, Houston-based NRG and Chicago-based Exelon hired E3 Consulting to draft a proposal that worked best for them.
E3 submitted their white paper on Sept. 30, advocating for a controversial solution called a “Load Serving Entity Reliability Obligation.” An LSERO would guarantee generators an extra $1.5 billion a year.
Last year, experts at Potomac declared that former PUC Chair DeAnn Walker and ERCOT CEO Bill Magness violated market rules when they artificially kept wholesale prices at $9,000 a megawatt-hour for too long during the blackout, even though prices would have been $1,200 under market rules. Potomac said the decision wrongfully stuck Texas consumers with a $16 billion bill.
An interim PUC chair refused to correct the error before he was forced out, and Texans will be paying that debt for decades.
When the new PUC began discussing new rules, Houston-based NRG and Chicago-based Exelon hired E3 Consulting to draft a proposal that worked best for them.
E3 submitted their white paper on Sept. 30, advocating for a controversial solution called a “Load Serving Entity Reliability Obligation.” An LSERO would guarantee generators an extra $1.5 billion a year.
Greg rewards his donors and we pay higher utility bills or the Abbottax
3 replies
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