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ERCOT says conditions this winter could spark extreme cold, but additional power supply and continued weatherization efforts will lower the risk of power outages.
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The Public Utility Commission of Texas adopted the rule amid surging demand for power across the state and a growing crypto mining industry in Texas.
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A seasonal report from ERCOT shows the grid should hold up under normal winter conditions. But there are scenarios in which the grid operator would need to institute blackouts like it did in 2021.
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The report also recommends the Public Utility Commission hire more of its own analysts rather than rely on industry and other outside groups to help make decisions that affect the entire state.
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Despite unanimously rejecting a petition to strengthen standards in the state, regulators with the Public Utility Commission said they weren't rejecting the idea outright. Instead, they said they needed more time to explore the issue.
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The state power grid operator has been run by an interim chief since the previous CEO was fired following the deadly 2021 winter storm that crashed much of the grid.
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Locked in a potentially tight reelection race and facing criticism over the grid’s 2021 collapse, the governor is exerting unprecedented influence over what the state grid operator shares with the public — and who will be its next CEO.
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The state’s energy grid operator overcharged power companies by roughly $3 billion after the winter storm — not $16 billion, the chairman of Texas’ utility regulator said Thursday.
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Experts worry the remaining corporations will become “huge monsters that can't fail,” which could stifle competition and increase costs for ratepayers in the long-term.
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Lt. Gov. Dan Patrick called on the Texas Public Utilities Commission and the Electric Reliability Council of Texas to amend the pricing that came with the power outages from the storm.
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Arthur D'Andrea replaces DeAnn Walker, who resigned earlier this week as chair of the Public Utility Commission. The governor appoints commissioners to lead the PUC, which oversees the state’s grid operator, the Electric Reliability Council of Texas.
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A state commission has approved a 50 percent increase in the wholesale electricity price cap in a move it hopes will spur construction of more power…