Texas Regulators to Double Electricity Price Cap in 2015
This article is for subscribers only.
The Public Utility Commission of Texas voted to double the price cap for wholesale electricity in 2015 to spur investment in new generation.
The commission approved the increase 3-0 in a meeting today in Austin, Texas. Prices on the state’s main electricity grid, operated by the Electric Reliability Council of Texas, are currently limited at $4,500 per megawatt-hour, according to the commission.