Supply shortages in Texas’ electricity market have state regulators considering major changes that would boost supplies but also could raise electricity prices for consumers.
Low wholesale prices have prompted power companies to defer construction of generating plants and shutter old units, cutting supplies. Meanwhile, demand hit record levels this year, due to extreme heat and continuing population growth. Texas came close to rolling blackouts this summer and had rolling blackouts in February when electricity supplies gave out during a cold snap.
Full article available at The Wall Street Journal.