I think if ERCOT failed in winterization of equipment..resulting in high rates..why should rate payers pay for their errors and misrepresentations?
As for Abbot..you would think ERCOT is supervised by the PUC which is under Abbot. ERCOT members and PUC should be replaced and buck stops with Abbot.
“I think if ERCOT failed in winterization of equipment..resulting in high rates..why should rate payers pay for their errors and misrepresentations?
As for Abbot..you would think ERCOT is supervised by the PUC which is under Abbot. ERCOT members and PUC should be replaced and buck stops with Abbot.”
ERCOT cannot winterize anything because it owns nothing but a control center somewhere in the bowels of Texas. ERCOT is a non-profit organization consisting of a board of directors charged with the responsibility of “CONTROLLING” the generation, transmission and distribution of electric power in the Texas grid that is owned by multiple electric generation, transmission, and distribution companies. Some of these companies may own only generation facilities, some may own only transmission facilities, some may own only distribution facilities, and some may own all three. In some cases the company billing the end user may not own any physical facilities but the electric meter at the end user’s house. This is what the “free-market regulatory model” looks like.
Appears to me that Griddy is selling at the marginal rate perhaps devoid of most of the fixed cost and the cost of the “green energy” sources. If so, and if everyone opted for Griddy, then the concept would collapse.
You may want to scan thru the following to get a overview of the
Texas electric power system and ERCOT.
https://en.wikipedia.org/wiki/Electric_Reliability_Council_of_Texas
Big problem. Last report I read if accurate says 69 people froze to death because of the decisions made here. Massive cluster, beyond belief, especially in Texas. Someone’s going to get destroyed over it, and they should be.