Report urges boosting Ercot price cap, restructuring Texas power market
A report commissioned by the Electric Reliability Council of Texas (Ercot) has recommended that the state increase its maximum peak power price in order to spur investment in new generation capacity and lower the risk of blackouts
Texas, which has been at the forefront of US power-market deregulation, is facing a potential shortfall of generation capacity as low electricity prices have discouraged investment in new power plants in recent years. Following a major heat wave last summer, which severely stressed the state's power grid, Texas's independent system operator, the Electric Reliability Council of Texas (Ercot), commissioned a report on how to continue meeting its reliability targets.
The report, published last week
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