The regulations will “substantially undermine the performance of the markets, diminish reliability, and inflate costs for Texas’ consumers,” the watchdog says.
An energy reserve program intended to avoid a replay of deadly blackouts in February 2021 — but that’s estimated to have cost Texas utilities more than $12 billion in the past year — is set for a vote by utility regulators Thursday. A decision on the controversial program put in place last year by the state grid operator has already been delayed once amid disagreement over its effect and those disagreements were on full display ahead of a meeting of the Public Utility Commisison .
Contingency Reserve Service, or ECRS, which was deployed in June 2023. Designed to increase or decrease the supply of electricity rapidly as demand rises and falls, and the independent market monitor for the last year. says in its filing “is simply a consequence of maintaining operating reserves.” “One could argue that a driver that did not get into a collision on a given day would have been better off not having incurred the cost of automobile insurance for that day,”
instead points to how much it spent purchasing reserves, which is says totaled between $675 million and $750 million last year. Patton contends Potomac’s analysis shows that and the independent monitor agree that’s the permanent solution — but it’s years away. Democratic Sens. Judith Zaffirini and José Menéndez also filed a letter this week against the proposed regulations, saying they could “perpetuate a flawed, uneconomic model.” In its filing,
Public Utility Commisison Potomac Uri Democratic David Patton Judith Zaffirini José Menéndez Potomac Texas Houston San Antonio Winter Storm Uri
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