Economics
Texas Becomes ‘Most Interesting’ Power Market on Coal Shutdowns
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A wave of coal-plant retirements could send power prices in the Lone Star state soaring as soon as next summer.
The forecast for the reserve margin -- or excess supply versus peak summer demand -- has been cut to 11.6 percent for 2018 from 18.9 percent in May, said Beth Garza, vice president of Potomac Economics, which monitors the state grid. Earlier this month, Vistra Energy Corp. said it’s shutting three big power plants that run on coal.