No Market Abuse During Texas Blackouts, Report Finds

A report prepared for the Public Utility Commission and released on Wednesday has found no evidence of market manipulation during the Texas rolling blackouts in February.

The report, produced by a consulting company charged with independently monitoring activities in the Texas electricity market, also said the market "operated efficiently" during the eight-hour rolling blackouts, when wholesale prices for power rose by roughly 100 times as more than one-tenth of the state's power plants failed in abnormally cold weather. The blackouts and associated price spikes were "not the result of market manipulation or an abuse of market power," the report ...

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