The Public Utility Commission of Texas has rejected a proposal to retroactively reverse the market pricing for electricity that resulted in ERCOT overcharging the Texas electricity market by US$16 billion Continue Reading
Texas regulators declined to rescind $16 billion in alleged overcharges for electricity during last month’s blackouts, leaving the state’s power market facing a potential financial crisis. Decisions were made about Continue Reading
Texas regulators declined March 5 to order the Electric Reliability Council of Texas to reprice real-time prices, from mid-night Feb. 18 through 9 am CT Feb. 19, that resulted in Continue Reading
Energy storage flexibility allows the technology to participate in multiple US power markets, with regional electricity costs, incentives, geography, and state-level mandates currently acting as growth drivers, market participants said Continue Reading
An independent market monitor said the Texas power-grid operator made a critical mistake that resulted in $16 billion in electricity overcharges last month, and recommended that the charges be reversed. The Continue Reading
Energy Secretary Jennifer Granholm on Wednesday called for Texas to weatherize its grid and said the state should consider connecting to grids beyond its borders following last month’s winter storm Continue Reading
The blame game for the massive power outages in Texas last month continues. The dominant argument is that renewables had an ignorable part to play in the crisis, with natural Continue Reading
Power retailer Entrust Energy Inc. became the second electricity seller to be barred from Texas’s power market for failing to make payments after last month’s energy crisis. The Electric Reliability Council of Continue Reading
Unless you’ve been living under a rock for the last few weeks, you’ve most likely been inundated with all kinds of new stories and finger-pointing social media diatribes about Texas’ Continue Reading
Texas’s grid operator needs to come up with $1.3 billion to pay power plants for the energy they supplied during last week’s historic blackouts, raising the prospect it may require Continue Reading
