Overall, Texas’ tax burden is considered one of the lowest in the country. But that image is shattered when one considers the state’s effective business tax rate, based on Gross State Product, is the seventh highest rate in the nation. This policy perspective examines the harm that comes from relying on “business” taxes.
Tight Grid Conditions in April and May Highlight the Risk of Soaring Electric Bills for Texans
The Electric Reliability Council of Texas (ERCOT) region will likely see real-time market prices approach the regulatory cap of $5,000/MWh on Wednesday, not long after price spikes on April 28 and April 16. The fact that the market is showing signs of scarcity in the spring, long before the heat of this summer or the...