ERCOT to change Texas energy prices to meet high demand amid winter storm
A Public Utility Commission order stated that ERCOT should correct any past prices to reflect the current shortage of energy.
https://www.kvue.com/article/news/l...ange/269-53ab63e2-8dcf-4485-8b9b-be6ad75316b4
With nearly 4 million
Texans in need of power amid the
winter storm that struck the state, demand for energy is exceptionally high. The demand has exceeded the supply that the state has to offer.
As a result, the
Public Utility Commission of Texas held an emergency meeting on Monday where officials introduced an order that would adjust energy prices. The order said in part, "Energy prices should reflect scarcity of the supply. If customer load is being shed, scarcity is at its maximum, and the market price for the energy needed to serve that load should also be at its highest."
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*** Yeah -- let's go back and retroactively raise prices to $9000 per kilowatt hour and really screw our customers.