The Facts

  • Regulations such as price caps distort market forces; those distortions lead to more regulation, unless the cycle is consciously stopped. 
  • Renewable energy subsidies only benefit investors; consumers are forced to pay for the discounts in energy with higher taxes.
  • Texas’ electricity market has helped the state become the best environment for business in the nation.

 

Recommendations

  • Eliminate wholesale price caps.
  • Eliminate the ability of the PUC to disgorge revenue.
  • Do not adopt Sunset Commission proposals to increase PUC fines and give the PUC emergency cease and desist authority.
  • Define more clearly the concept of market power and market power abuse.
  • Eliminate the Renewable Portfolio Standard and support elimination of the federal production tax credit.

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