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Texas PUC, ERCOT pledge 'reliability is first' as state pursues market reform
Texas, having experienced the ill effects of a poorly designed energy market based on an economics first principle, is refocusing their market design to meet reliability and resiliency requirements as a first principle, primary objective. Other wholesale energy markets and State regulators may want to consider what can happen when reliability and resiliency are based on the flawed beliefs of an economics first principle and follow Texas in focusing on resource adequacy, as a technical problem to solve - first and foremost - and craft an economic solution on top of the technical design, that's how we achieve grid reliability and resilience at a reasonable cost.
Texas PUC, ERCOT pledge 'reliability is first' as state pursues market reform
Words of wisdom from the new Texas PUCT chair, Peter Lake:"Historically, our market has focused on affordability first, reliability second," PUCT Chair Peter Lake told reporters during a press conference. "But now, reliability is first." Lake said the PUC
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