Texas Power Breakfast
The Public Utility Commission of Texas finalized an ambitious plan to reform one of the largest wholesale electricity markets in the United States. The historic market redesign intends to strengthen the long-term reliability of the Electric Reliability Council of Texas (ERCOT) electric grid. At the same time, ERCOT faces an unprecedented period of uncertainty and change, driven by the energy transition, extreme weather events, rapidly growing electricity demand and more. The intersection of these developments raises essential questions for industry. How will the market reforms make the electric grid more resilient and reliable in the future? What are the opportunities and challenges for new investment in the region? And how will the electric industry bolster public trust in the electric grid?