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Monday, March 8, 2021

Senators question electricity pricing plan

AUSTIN, Texas (AP) — The Texas Senate’s Natural Resources Committee has called the Public Utility Commission to talk about the pricing of electricity.

Committee Chairman Troy Fraser called commissioner to testify Monday amid reports it could change the wholesale electricity market.

Commissioners have long debated how to make sure Texas has enough electricity. Demand is growing, but generators say prices are too low to make investments in new equipment worthwhile.

Some experts suggest raising prices, while others want Texas to pay generators to keep standby capacity available when demand peaks, or equipment shuts down unexpectedly.

Fraser helped design the current market that only pays when electricity is bought. He’s been critical of paying generators to keep reserves.

Some utilities also oppose a capacity market, saying it could cost consumers $4 billion a year.

 

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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