Public Utility Commission of Texas agrees to new electricity model
The PUC met today, ultimately agreeing on a new electricity model
www.kwtx.com
I hope I'm wrong.
No, but between inflation and increasing costs of electric service, the break-even period would now be much sooner.You mean the “free” ones?
Last resort! But you'd really have to try hard to freeze to death in Texas.Go buy a good coat and thermals.
Lol I don’t know. When it’s 20 degrees it’s still 20 degrees.Last resort! But you'd really have to try hard to freeze to death in Texas.
yeah... go naked in the summer too.!
Price Caps work up until they do not. California has had varying outcomes with them for better than 20 years now. Their solution for insufficient energy supply at price cap is rolling outages. California also pays for reserve energy, dispatchable demand and has an active energy imbalance market. The challenge comes from only having active price discovery on one side of the market--energy supply. The majority of End Use or Retail Customers are not really in a position to cost effectively respond to real-time energy prices. My electric bill at home even in a high month of $330 just not provide enough room for price signals to change my behavior all that much. There is also a point where if they change the rate design to a higher level all that much, I will investigate other options like generating my own power, super insulating the house, buying my own batteries and load management system, or something not yet on the table.I think the approach should be 2 fold. Pay generators while they have reduced output so they will maintain 'excess' for when it's needed. Best way to handle is add an 'excess' charge to consumer's bill. Control the excess charge like the regular charge., capped by Gov. Eliminates spike pricing to Tx customers. Second is to reduce use of overhear local distribution. That will be costly. You know, when they replace all the poles on a street as they are rotted/blown down, etc.
Ultimately, “we” have to decide how much “we“ are willing to pay (individually and collectively) for:As much as I dislike ERCOT, it served a purpose.
A "made up entity " that actually buffered us consumers from the government.
The government of Texas.
PUC is government.
Y'all research and draw your own conclusions.