Today, the Texas Public Policy Foundation commends the passage of Senate Bill 7, legislation that will help reduce variability of the electricity supply and protect Texas ratepayers from runaway energy bills. The bill now heads to the Texas House for further consideration.
“Requiring unreliable electric generators to firm up their energy supply during times of electric grid stress will ensure that those generators are responsible for the increased costs, not ratepayers,” said Brent Bennett, policy director for TPPF’s Life:Powered initiative. “Holistic cost allocation of reliability services, as outlined in Senate Bill 7, will improve price signals for reliability and ensure more dispatchable generation is maintained and built.”
“The burden of unreliable electric generation in the ERCOT market and the associated higher costs should be borne by the generators that cause it,” said Jason Isaac, director of TPPF’s Life:Powered initiative. “We applaud Sen. Charles Schwertner for his work to protect ratepayers and help level the playing field between more and less reliable generators.”
To read the full text of the bill, please click here.