Texas energy users may make up ERCOTs $12 billion loss

Although lawsuites are still pending, Texas energy users may eventually have to make up about $12 billion in ERCOT’s electricity-related losses from this winter’s storm.

Last week, the Electric Reliability Council of Texas released reports showing oustanding debts of $2.9 billion from local providers and cooperatives. Those debts represent the total payments due from 14 entities, […]

2021-04-05T16:03:48-05:00Texas Market|

Retail Energy Supply Association Issues Report Finding Massachusetts Residents Can Save 9% or More with Electric Choice

By: resausa.com |

The Retail Energy Supply Association (RESA), the nation’s leading trade association representing competitive retail energy suppliers, today published its report findings on competitive retail electric choice in the Commonwealth of Massachusetts. The analysis found Massachusetts residents could save at least 9% by selecting a retail energy supplier, creating significant […]

Five Truths About Grid Reliability and Deregulation

By: RealClearEnergy.org |

Before electricity had been restored last month, false claims proliferated as swiftly as the outages themselves. Misguided criticisms included excessive blame levied at wind power, while others have fallen into the trap of blaming “deregulation” of the power industry. That’s dead wrong for two reasons: power markets aren’t “deregulated” […]

Provider Shut Down By ERCOT, Others Filing Bankruptcy and Lawsuits

In the wake of Texas’s recent winter storm, ERCOT has revoked electric provider, Griddy Energy LLC’s access to the state’s power network. After Griddy’s 10,000 customers were charged up to $9,000 per megawatt hour, ERCOT announced that it had “effectively shut down Griddy,” according to a statement on ERCOT’s website.

ERCOT was transferring about 10,100 Griddy […]

2021-03-03T14:30:58-06:00Texas Market|

Texas Legislators Work to Address Skyrocketing Energy Bills

Texas Governor Greg Abbott said he and other state leaders are working quickly to address reports of many customers receiving bills for thousands of dollars for just a few days’ electricity service while the state was gripped by frigid temperatures. After the deadly winter storm that caused widespread blackouts, Abbott called an emergency meeting with […]

2021-02-22T15:25:01-06:00Texas Market|
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