Capacity markets are a redistribution scheme that wastes billions of dollars in corporate subsidies. They offer Texas nothing that it couldn't get from an energy-only market at a cheaper, more efficient price.
Buckle up for summer blackouts: Wind is already failing Texas in spring
It’s been all quiet on the electric grid front for a few months — but don’t get your hopes up. Over the last month, electricity prices came near the $5000/MWh regulatory cap three separate times because the wind wasn’t blowing enough when the sun went down. If this sounds familiar, you’re not wrong. You may hear...