News from April 2023
Peacock: 'The only thing [the Senate plan] is going to ensure for sure is higher electricity prices and more profits for generators'
Bill Peacock, the policy director of the Energy Alliance, joined a recent episode of the "Pratt on Texas" podcast to discuss the current state of the Texas energy grid. Peacock covered the history of Texas' market-based grid system and how its erosion via regulation and subsidies has resulted in higher prices for consumers and a lower level of reliability. Peacock called for lawmakers to put a stop to subsidies and return to a pure market system in order to fix the issues facing the grid today.
Patrick, Schwertner back legislation to ensure 'Texans have the reliability, transparency and security on our power grid that they deserve'
Texas Lt. Gov. Dan Patrick and Sen. Charles Schwertner are prioritizing new legislation aimed at ensuring a reliable energy grid across Texas and attracting new sources of reliable thermal electricity generation.
Austin attorney: Chapter 313 replacement bill 'quite a bit more limited in the kinds of projects that can qualify'
On April 10, the Texas House Ways & Means Committee heard testimony on House Bill (HB) 5, a bill intended as a replacement for the now defunct Chapter 313 tax abatement program.