You have probably heard about the Texas “budget crisis,” and been told that to avoid budget cuts we need to tap Texas’ savings account, the Rainy Day Fund. But the reality is very different from the headlines. Texas actually has MORE money to spend now than it spent two years ago.
The Explosion of Transmission Costs in ERCOT: Causes, Forecasts, and Policy Solutions
KEY POINTS • Transmission costs in ERCOT rose from $1.5 billion in 2010 to over $5 billion in 2024 and could increase to over $12 billion per year by 2033. • After adjusting for inflation and overall rising electricity demand, the average ratepayer in the ERCOT region paid 57% more in transmission charges in 2024...