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REP. JARED PATTERSON REFILES BILL TO CORRECT MARKET PRICE DISTORTIONS THAT HAVE LED TO ELECTRICITY SHORTAGES IN TEXAS


REP. JARED PATTERSON REFILES BILL TO CORRECT MARKET PRICE DISTORTIONS THAT HAVE LED TO ELECTRICITY SHORTAGES IN TEXAS
REP. JARED PATTERSON REFILES BILL TO CORRECT MARKET PRICE DISTORTIONS THAT HAVE LED TO ELECTRICITY SHORTAGES IN TEXAS 
by:
02/17/2021
(Frisco, TX) - Yesterday, Governor Greg Abbott made reforming the Texas electricity grid operator, Electric Reliability Council of Texas (ERCOT), a state emergency item. Today, Representative Patterson refiled legislation from last session to ensure that ERCOT accounts for the massive proliferation of wind power on Texas electric grid.
HB 1951 would require the Public Utility Commission (PUC) and ERCOT to adopt rules, operating procedures, and protocols to eliminate or compensate for any of the price distortion that is caused by the Production Tax Credit (PTC). The PTC is a federal subsidy for the commercial production of wind energy that provides a tax credit for each Megawatt hour of energy sold by the wind ....

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