Texas utility commission sets floor price for wholesale electricity reserves

2016-11-23T15:01:55+00:00

Struggling with how to respond to emergencies, such as last summer's Texas heatwave, The Public Utility Commission (PUC) set a floor under wholesale electricity prices for power reserves that could be called upon in the event of such an emergency.   Commission Chairwoman Donna Nelson suggested a rate of $325 per megawatt-hour for nonspinning reserves, [...]