The diversification of the Texas energy marketplace is a smart step for all Texans that will ensure all Texans are blessed with abundant energy at the lowest price in the decades ahead.
In response to Mr. Peacock’s article, “Why Texans are paying more for less electricity” I am reminded of the saying, “there is a lot to unpack here.” And that unpacking gets harder when the author lumps all PUC policy decisions into the tired cliché, “it’s renewables fault”.
The success of ERCOT has been the open marketplace where generators bid in electricity at the lowest price. ERCOT historically has been the exemplar of market forces acting to provide the lowest cost electricity for Texans. No matter our industry background and political affiliation, we should all question whether the latest Public Utility Commission policy directions to subtly shift from an energy market to a quasi-capacity market is what was intended by the Texas Legislature and best for all Texans. But to lump these PUC and ERCOT policy changes as part of some sinister effort by the renewables industry and co-opted politicians is disingenuous at best. This isn’t an apples and oranges difference; it might be better described as apples and Chevrolets. The latter two aren’t related nor are the latest PUC policy decisions and the integration of renewables.
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