Capacity markets will not improve ERCOT’s capacity or reliability; a capacity market’s inherent inefficiencies and artificial incentives cannot compete with the energy-only market, making it a bad bargain for Texas ratepayers.
Reality Check
The following commentary is published on Thursdays as part of TPPF’s subscriber-only newsletter The Post. If you would like to subscribe to The Post, click here. Back to the Future Part II, the sequel to the blockbuster hit, was a terrible movie. Perhaps its most sinister element was persuading 12-year-olds across the country that hover boards...