Thermal power trade group pushes incentive plan to boost production
Daryl Miller, plant manager for NRG’s WA Parish power plant stands on a platform in Unit 7 on Friday, Oct. 14, 2022 in Richmond.Texas Competitive Power Advocates, the state's largest trade group for thermal generation, said late Monday its members could build as much as 4,600 megawatts of power -- enough to cool nearly 1 million homes on a summer day -- if their preferred plan for the ERCOT power market redesign is enacted as proposed.
The PCM model would give generators a performance credit for being available during certain hours on days with the lowest reserve power margins. Those credits would be paid for by retail electricity providers, the companies that sell residential power plans and whose names show up on monthly power bills, as well as cooperatives and municipal utilities.
Richmond, whose membership accounts for 82 percent of the state's natural gas power generation, said the 4,600 megawatt figure came from her individually polling members and taking the sum of the amount they said they would create.
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