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ELECTRIC BILL WORRIES Officials expect record electricity demand, high prices for summer

ELECTRIC BILL WORRIES Officials expect record electricity demand, high prices for summer A not-so-perfect storm of high demand and power plant retirements could send electricity prices soaring this summer in Texas, potentially squeezing low-income residents and the agencies that provide assistance with energy bills. “A growing economy and retirements of generating units will tighten reserves … Continue reading ELECTRIC BILL WORRIES Officials expect record electricity demand, high prices for summer

PJM draws more investment than ERCOT, despite reserve margin differences

PJM draws more investment than ERCOT, despite reserve margin differences Despite the PJM Interconnection’s large reserve margins and the Electric Reliability Council of Texas’ tight reserve margins, power market participants and experts on Wednesday viewed PJM as a place where new generation is more likely to earn targeted rates of return on investment. During the … Continue reading PJM draws more investment than ERCOT, despite reserve margin differences

#Texas Commission Okays #Sempra ‘s (#SRE) #Oncor Acquisition

Texas Commission Okays Sempra’s (SRE) Oncor Acquisition Sempra Energy recently cleared the final regulatory red tape in its acquisition of Oncor, following the receipt of the Public Utility Commission of Texas’ (“PUCT”) approval for the deal. PUCT’s sanction is a significant milestone achieved by the company as it will facilitate the completion of the pending … Continue reading #Texas Commission Okays #Sempra ‘s (#SRE) #Oncor Acquisition

Some #El_Paso_Electric customers to get monthly refunds as utility returns $31M deductions

Some El Paso Electric customers to get monthly refunds as utility returns $31M deductions Texas residential customers to get $3 to $4 monthly refund on electric bills; New Mexico refunds not known yet El Paso Electric’s Texas residential customers will get an average $3 to $4 per month refund on their electric bills beginning later … Continue reading Some #El_Paso_Electric customers to get monthly refunds as utility returns $31M deductions

ERCOT braces for summer of lower power reserves

ERCOT braces for summer of lower power reserves Texas’ electricity grid operator expects that customers will have to voluntarily reduce power consumption this summer in order to keep electricity flowing through the grid, according to a report released Thursday. The Electric Reliability Council of Texas, which oversees 90 percent of the state’s grid, estimated that … Continue reading ERCOT braces for summer of lower power reserves

Real-time co-optimization in Jan spike would have saved ERCOT $58 million: IMM

Real-time co-optimization in Jan spike would have saved ERCOT $58 million: IMM Real-time co-optimization of energy and ancillary services would have saved the Electric Reliability Council of Texas $58.5 million when a ramping capacity shortage on January 23 caused real-time prices to hit $9,000/MWh, board members learned Tuesday. During Tuesday’s ERCOT Board of Directors meeting, … Continue reading Real-time co-optimization in Jan spike would have saved ERCOT $58 million: IMM

#Texas ‘ summer electricity prices expected to jump

Texas’ summer electricity prices expected to jump Hot summer combined with closing of plants may result in price surges Wholesale electricity prices in Texas are expected to jump this summer following the recent shutdowns of three of the state’s largest coal-fired generating plants, which have driven the state’s power reserves to their lowest level in … Continue reading #Texas ‘ summer electricity prices expected to jump

Texas PUC directs staff to draft order approving Oncor-Sempra deal

Texas PUC directs staff to draft order approving Oncor-Sempra deal The Public Utility Commission of Texas on Thursday directed its staff to draft an order approving Sempra Energy’s purchase of Oncor Electric Delivery, majority owner of Texas’ largest transmission system, in a deal valued at almost $16.5 billion. DeAnn Walker, who chairs the PUC, directed … Continue reading Texas PUC directs staff to draft order approving Oncor-Sempra deal

Are Electric Vehicles a Threat to the Texas Electrical Grid?

Are Electric Vehicles a Threat to the Texas Electrical Grid? Electric vehicles (EVs) can be a strangely polarizing topic among conservatives. Lots of conservatives remain skeptical of EV technologies and dislike the fact that they receive government subsidies. At R Street, we of course share their opposition to technology-specific subsidies, including subsidies for EVs. However, … Continue reading Are Electric Vehicles a Threat to the Texas Electrical Grid?