Public Utilities Commission Settles on ERCOT Market Redesign Plan, and Lawmakers Backtrack

Austin, TexasAnd 3 hours ago – The Texas Public Utilities Commission (PUC) approved the long-awaited plan to overhaul the state’s primary electricity market, drawing a swift rebuke from lawmakers. In a vote of 5 to 0, PUC agreed to move forward with Performance Credit Mechanism (PCM) but stipulated that they would wait for input from … Read more

Texas regulators’ decision on redesigning the ERCOT market to next week

State utility regulators on Thursday delayed a long-awaited vote on a proposed overhaul of the Texas electricity market, amid disagreements among state leaders over the merits of the pioneering plan. Peter Lake, chairman of the Texas Public Utilities Commission, said he now aims for the five-member panel to vote on the issue on Jan. 19. … Read more