Texas power market: where do we go from here?

This insight was written by Richard Zdunkewicz, Vice President, Americas Consulting and Erin Carroll, Senior Vice President, Client Services, from our sister company Power Advocate.

As the State of Texas formulates strategic plans to address the structural issues that contributed to the February 2021 emergency, new legislature has been proposed and passed to the House and Senate for approval. There are actions that can be taken across all sectors within the energy value chain that would lead to a more reliable market and reduce the impacts of scarcity, even in the face of unprecedented weather events.

The Texas Legislature is currently working through more than 25 bills proposed by various lawmakers in the House and Senate. We expect that the elements of those bills, specifically dealing with reliability and prices, will ultimately be combined into one or a few bills. While many bills have been set forth during this legislative session, we believe that there are four bills that will have the greatest impact on the state’s energy and power markets.

Which bills do we think could induce the most change? What are the opportunities to improve the market? And, how could forecasting be improved in ERCOT? Fill out the form on the right for our take on the proposed legislation, with insight from our sister company, PowerAdvocate.

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