A Modern Power Grid Can Deliver More Than Just Resiliency | Vinson & Elkins LLP
To embed, copy and paste the code into your website or blog: Texas has proven that a commitment to market solutions and diverse electrical infrastructure can be a recipe for success. Under the restructuring of the power market and initiatives like the competitive renewable energy zone, we saw investment take off and energy prices fall. Texas has greatly benefitted from its competitive energy market with power prices consistently below the national average. Electricity rates were $0.003 per kilowatt-hour lower than the U.S. average between 2002 and 2017. 1 However, February’s extreme weather...