Texas PUC Vote Signals Support for Market Shift

Texas regulators signaled Friday that they would pursue a major overhaul of the wholesale electricity market in hopes of ensuring the long-term reliability of the state’s electric grid.

At a meeting that turned testy, the Public Utility Commission voted 2-1 to mandate an electrical “reserve margin,” which is backup capacity that grid operators could tap if consumption in power-thirsty Texas soars above expectations. Those on both sides of the debate called Friday's nonbinding vote the first step in shifting Texas’ "energy-only market” to a “capacity market,” a controversial move regulators have weighed for more than two years. Under ...

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