Our examination of ERCOT's history and operation brings a conclusion that the costs of instituting capacity markets in its territory will almost surely exceed any benefits they might bring.
Energy & Environment
How Wind and Solar Variability Drives Up Texas Electricity Prices
Many Texans have been led to believe that adding more wind and solar to the electric grid is the cheapest way to meet the state’s rising energy demand. However, this belief overlooks a crucial reality: the hidden costs of managing the variability of these resources. While wind and solar have low fuel costs, their intermittency...
February 11, 2025