Texas’s grid operator said Tuesday that it expects power demand to shatter forecasts for a second day in a row, an update that comes as temperatures continue to soar well past 100 degrees in many parts of the state.
The battle over repricing or fixing the error has set up a political battle of Herculean proportions, pitting Patrick against Phelan and now places Gov. Greg Abbott in the spotlight as to what we will do next.
Abbott has agreed with the PUC s only member still remaining, chair Arthur D Andrea, who has testified in committee hearings that he can t reverse the prices.
Abbott penned a letter to Patrick saying only the legislature can fix the issue.
The error stems from prices ERCOT charged for power in the days after a massive winter storm cut the power to millions of Texans. For at least 36 hours, ERCOT kept prices at sky-high levels, instead of reducing them as power came back online, causing billions in overages.