When I became a Member of the Parliament of New Zealand, we were judged as the most socialistic of nations. We had been one of the richest of countries at #3 in per capita income, but by 1984 we were only #27. We had gone for 23 years relying on deficits, without balancing our budget. The government was taking 44 percent of the Gross Domestic Product, and, in 1984, our forecast deficit was 15 percent of the GDP…
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...