Energy News for the Texas Market

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|

Five Truths About Grid Reliability and Deregulation

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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|

COVID-19 Pandemic Affects Electricity Demand, Prices

Summer temperatures always increase the load on electric grids across the country, but this summer, the COVID-19 pandemic has been another factor generators have had to consider. With many more people working from home, the demand on the system was expected to be higher this summer than in previous years. However, the question was to […]

2020-08-06T12:19:55-05:00Texas Market|
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