PUC approves electric market redesign in ‘big step for ERCOT’
Jan 19, 2023
The Public Utility Commission of Texas on Thursday approved a redesign of the state’s electric market, recommending a new model they said will improve grid reliability, but critics said could pass more costs onto the consumer.
The Commission unanimously approved a memo that recommends the legislature adopt the “Performance Credit Mechanism.” It’s a convoluted new market design that will essentially give power generators credit for producing more power when supply is low, ostensibly to incentivize the free market to produce more power when Texans need it.
