Competition has worked quite well to ensure reliability and affordable prices in Texas. Making capacity payments to generators is not necessary and would introduce complex and uncompetitive elements that would adversely impact Texas' competitive market.
Bringing Down the House (Price)
A decade ago, the typical Texas home value was about $181,000. Today, it’s ballooned to around $302,000. As home prices increase so too does the barrier to entry get higher. A recent study estimates it would take 7 years for a median-income Texas household to save up for a 20% down payment. But you don’t...