May 4, 2021      5:00 PM

Texas Senate urges Public Utility Commission to act on scarcity pricing at upcoming meeting

“We must urge the PUC to significantly reduce the high system-wide offer cap,” said Sen. Schwertner; but it’s unclear how meaningful his resolution might be to the PUC’s agenda

The Texas Senate yesterday passed a last-minute resolution to instruct the Public Utilities Commission to act on scarcity pricing at its meeting on Thursday, but it’s unclear how meaningful that resolution might be to the PUC’s agenda.

SR 342 – which wasn’t posted online at the time it was discussed by the Senate – was described by sponsor Sen. Charles Schwertner, R-Georgetown, as “an important demonstration of our commitment to Texans.”

“Ahead of the Commission’s hearing this Thursday, we must urge the PUC to significantly reduce the high system-wide offer cap,” said Schwertner, noting that Senate Bill 3 and Senate Bill 1278 also addressed the issue. “This resolution is another step in correcting ERCOT’s pricing algorithm so that we can fine-tune a viable competitive energy market that ensure reliability through dispatchable generation.”

By Kimberly Reeves

Copyright May 04, 2021, Harvey Kronberg, www.quorumreport.com, All rights are reserved