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AUSTIN – The Texas Public Policy Foundation today released a new Energy Brief, Debunking the Myth: Texas is not Running Out of Electricity-The Generators. The Brief contrasts the mixed messages from generators about the ability of the Texas market to maintain resource adequacy. “Texas’ competitive electricity market can be profitable for both generators and consumers,” said Bill Peacock, the Foundation’s Vice President of Research and Director of the Center for Economic Freedom. “Even generators acknowledge the ability to earn profits in today’s climate of low consumer prices.” The paper challenges claims that Texas’ competitive market won’t produce enough profitability over time to sustain adequate investment in new generation. Peacock added: “While this isn’t the bull market that Texas oil and gas producers are experiencing, both generators and their Wall Street bankers have shown that they expect the market to work well enough for them to turn a profit.” The Brief is the latest in a series of papers the Foundation’s Center for Economic Freedom is producing examining the debate over the reliability of Texas’ electricity market. To see all of the papers, visit http://bit.ly/1c77cOo.
Bill Peacock is the Vice President of Research and Director of the Center for Economic Freedom at the Texas Public Policy Foundation. The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin. Primary website: www.TexasPolicy.com -30- |
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