Do-nothing plan for Texas grid could leave us in the dark | Opinion
Will Texas have the energy it needs for the future? That depends on how we plan now.We can have reasonable debates about how Texas should fix its power grid to supply enough energy for the future.in the mighty invisible hand of the deregulated energy market isn’t a place to start.
ERCOT, or the Electric Reliability Council of Texas, is a nonprofit that operates much of the state’s electricity market. It employs a firm called Potomac Economics to act as a monitor to ensure that the market is both competitive and efficient. Texas’ renewable energy supply is growing at a rapid pace, and that cheap, clean energy is something we desperately need. But the arrival of so much wind power has disincentivized investment in dispatchable power, which we need when the wind doesn’t blow and the sun doesn’t shine. The PUC has proposed requiring energy producers to meet a reliability standard. Those that meet the standard can sell state-issued credits, which can create capital for investment in reliable, dispatchable energy.
“We know we’ve got a problem. We know we are going to run out of runway sooner than later,” Lake said, referring to the fact that Texas doesn’t have the energy-generating capacity we need to meet our growth.
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