AUSTIN – The Texas Public Policy Foundation released the following statements regarding the Electric Reliability Council of Texas’s new Report on Capacity, Demand and Reserves in the ERCOT Region:
“The lower reserve margin means the Texas market is working as planned,” said Bill Peacock, vice president for research of the Texas Public Policy Foundation. “Texas should double down on the policies that have provided Texans with years of reliable and affordable electricity by eliminating renewable energy subsidies and reducing excess regulations.”
“With high surpluses and low prices in the Texas electricity market over the last few years, it is unsurprising to now see lower reserve margins,” said J.D. Rimann, an energy policy analyst at the Texas Public Policy Foundation. “This is how markets work. The tighter margin and the subsequent higher prices will lead to increased construction of new generation. There is no need for intervention from ERCOT, the PUC, or the federal government.”
For more information or to request an interview with Mr. Peacock or Mr. Rimann, please contact Alicia Pierce at [email protected] or 512-472-2700.
For more information, please contact Alicia Pierce at [email protected] or 512-472-2700.
The Texas Public Policy Foundation is a non-profit free-market research institute based in Austin. The Texas Public Policy Foundation aims to advance a societal framework that effectively fosters human flourishing based upon cooperation and mutually beneficial exchange of ideas and speech.