Texas Power Market Changes Include Little Talk of Rates

Texas electricity regulators last week approved a major change in the power markets. In a quick, unanimous vote, they doubled the amount that wholesale power prices could rise.

That move, and others that are being contemplated to fix the strained Texas power market, will almost certainly have a knock-on effect on the monthly power bills of ordinary Texans. But there has been little discussion or study of the impact on ratepayers. Instead, regulators have focused almost exclusively on making sure that the grid provides reliable electricity and avoids blackouts.

Keeping the lights on and cheap power are, of course, important ...

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