After nearly two years of debate, on Thursday the PUC approved a plan that gives power...
A plan approved by the PUC Thursday The gives power generators credits for being available when reserve power margins are lowest. The cost of the credits will likely be passed on to consumers.AUSTIN — Changes are coming to the Texas electricity market, but after months of debate it’s still unclear how much the new plan will cost consumers.
Those power retailers, however, are likely to pass the added costs on to consumers, and the plan passed by the PUC doesn’t directly address if or how those costs can show up on residents’ utility bills. One thing is certain: it could take two to four years before the plan comes to fruition, so consumers are unlikely to see the impact of the reliability scheme for some time.
The plan was supported by generators of electricity that use fossil fuels to make power, as well as Gov. Greg Abbott and his appointed chairman to the PUC, Peter Lake. Among other things, they argue the plan is the best way to incentivize the creation of additional thermal power plants. “I think this brings more accountability to the load-side by establishing a requirement that they have to buy, through the credit system, the commodity for the product you sell to your customers,” Lake said during Thursday’s meeting.
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