Industry wants incentives to boost power production, but consumer groups are wary.
The Petra Nova carbon capture plant sits between two stacks at NRG’s WA Parish power plant 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.
“Investors and lenders need policy certainty, both regulatory certainty and legislative certainty,” she said. “The PCM, if adopted by the PUC and supported by the Legislature, will provide that policy certainty. Then investors can make their bets and take on the financial risk.” “Those costs could be understated. I say might because we don’t know, this is a novel approach,” he said. “There’s no guarantee new generation will be built, and this is a lot to ask of consumers.”
Although the PUC had been publicly debating and studying three proposals for redesigning the ERCOT power market, it surprised some last month with the release of a study recommending a new proposal that had not been seen before that meeting — the PCM.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Industry wants incentives to boost power production, consumer groups are wary
Read more »
Oil field services industry adds more than 2,300 U.S. jobs in November, according to trade groupTexas is home to nearly 315,000 oil field services jobs, a more than 9 percent boost from the start of 2022.
Read more »
Oil field services industry adds over 2,300 U.S. jobs in November, according to trade groupThe oil field services industry added just over 2,300 jobs in November to total 654,486...
Read more »
Pilot union’s pay boost from Delta Air Lines could rock industryThe Delta Air Lines’ pilot union has reached an agreement that could see a massive shakeup in the plane industry.
Read more »
Brazilian crypto industry gets regulatory clarity amid global uncertaintyBrazil has been steadily preparing for the regulation of tokenized assets and the current administration has taken a positive stance on financial innovation for the last couple of years.
Read more »
Estonia Building on ‘Tenet’ Momentum to Attract International Productions, Build Local Film IndustryThe tiny European nation has big plans, with a new studio complex set to open next year and major incentives aimed at creating a production hub on its eastern border.
Read more »