TX REGULATORS WAIT FOR NEW ENERGY

ERCOT delays vote on target; Chairman sees ‘some validity’ in concerns on electricity reserves. Laylan Copelin, July 16, 2013 (Austin American-Statesman)   Reacting to objections from industrial customers and others, [the Electric Reliability Council of Texas (ERCOT) the managers of the state’s primary electricity grid…postponed a vote on whether to increase the target for electricity reserves….The issue pits two cogs of the state’s robust economy against one another: Generators who say they are losing money and manufacturers who say capacity payments amount to a subsidy that would cost consumers billions of dollars…ERCOT is already below its current reserves target of 13.75 percent, but it is considering raising the target to 16.1 percent above the projected peak demand for electricity. The Texas Industrial Energy Consumers suggested a 15 percent target… click here for more

click to enlarge

Tweet