Texas Should Raise Peak Power Prices to Avoid Blackouts
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Texas regulators should triple peak wholesale power prices to avert blackouts later this decade when electricity demand is predicted to outstrip supply, according to a report today by Brattle Group Inc.
The study, commissioned by the operator of Texas’ main power grid, recommends that the state with the highest power-consumption adjust its free-market framework to encourage electricity producers to invest in new generation needed to keep pace with economic growth.