Let’s Mess With Texas’ Power Market — And Make It Stronger
As the Texas legislature barrels ahead with remedies for preventing deadly blackouts like those that swept the state in February, we still can’t pinpoint the exact points of failure on the Texas power grid and natural gas system. New revelations by ERCOT suggest that early assessments were incorrect. As the facts continue to emerge, we suggest a few market design remedies to improve weatherization incentives. Continue Reading