In Texas, jumps in real-time market prices aren’t immediately felt by customers. But as fixed electricity contracts roll off, higher prices will eventually make their way to ordinary Texans.
https://finance.yahoo.com/news/texas-monitor-says-grid-rules-174538979.html
The Electric Reliability Council of Texas in mid-June introduced a new pool of power reserves that could come online quickly to help keep the grid stable. The Ercot Contingency Reserve Service, or ECRS, was designed to tap supplies that can come online
within 10 minutes to help fill in for solar power dropping at sunset and to keep the grid’s frequency in check.
Ercot has been under intense pressure to avoid a repeat of the rolling blackouts that occurred during the deadly winter storm of February 2021. Demand has repeatedly threatened to exceed supply during the extreme heat and humidity experienced this summer.
Potomac Economics, a firm employed by the state as the independent monitor of the Texas power market, published its analysis of ECRS on Friday. It said that while the initial estimate for additional costs is $8 billion, the number is likely to increase.
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and as those "contracts" expire your rates will be increased based on the new contracts which will have to cover those billions in already accumulated costs of ECRS which is a direct consequence of going green.
The whole thing is a bit of a sham on consumers. They put the new policies in place, start accumulating costs (or debts) due to them, but don't tell the consumer what awaits them until it's too late. The deal is long done and the debt must be paid and
you rate payers are ultimately made to pay it.
ScottW
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