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Big Tech, Banks, And Others Warn Texas Not To Drive Up Wind Power Costs With New Bill

Big Tech, Banks, And Others Warn Texas Not To Drive Up Wind Power Costs With New Bill by Tyler Durden More than two-dozen companies which have invested heavily in renewable power have fired off an angry letter to Texas Governor Greg Abbott and other officials over a new bill working its way through the state legislature which would require power producers to bear the costs of services which help keep the electrical grid stable. The bill, which comes in response for the state s February power outages which have been blamed in part on frozen wind turbines, would require the grid operator, the Electric Reliability Council of Texas (ERCOT) to directly assign ancillary service costs to solar and wind power generation.

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