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Clearview energy reviews12/16/2023 Senators worry market redesign plans will confuse industry players. The wording of the senators’ letter appears to favor a more traditional regulatory model with standards and penalties for non-compliance. Under FMR, the state would dole out monetary rewards to power generators based on their performance during peak demand. Last month, PUCT floated sweeping proposals including Forward Reliability Market (FRM) with its PCM plan. These plants sell power to retail providers who in turn sell to homes and businesses. In a nutshell, that's how your lights come on and stay on. In other words, Texas needs power plants it can turn on and off as demand varies. Hold on PCM, But Then What?Ī few lawmakers say the state needs more “ dispatchable generation" and PUCT plans don’t make a clear path for reaching that goal. Expect some uncomfortable committee hearings with pointed questions for PUCT leaders. During the 180-day session, lawmakers will consider the power grid and a myriad of other issues. The next legislative session begins January 10. And lawmakers don’t take kindly to state agencies failing to meet the intent of high profile new laws. These senators feel PUCT misses the point of SB 3. After a letter like that, you can bet your mortgage payment PUCT will await further instructions. The nine signers make up the Senate Committee on Business and Commerce. The letter tells PUCT to wait for lawmakers to weigh in before carrying out their Performance Credit Mechanism or "PCM" plan. The agency’s recently announced plans to revamp the Texas power market go beyond what Senate Bill 3 says. In a letter signed by nine members of the Texas Senate, lawmakers told the Public Utility Commission of Texas (PUCT) to hold their horses. Texas lawmakers told the Texas PUC they want to examine the commission's Performance Credit Mechanism or PCM plan more closely before it can go into effect.
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