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PUC Plans To Overhaul Texas Power Grid Faces Pushback
In late January, the Public Utility Commission of Texas unanimously passed a proposal to bolster the reliability of the state’s powergrid. The Performance Credit Mechanism (PCM) approach, however, faces criticism from lawmakers, who are concerned about the price tag ($5.7 billion), its complexity and ability to deliver.
Under the PCM, electricity providers (the companies that bill customers) will purchase reliability credits during low demand seasons from power generators (who own and operate power plants). The credits signal a commitment from power generators to deliver electricity in high-demand periods. Proponents say the PCMs provide incentives for power plants to build more generators, but critics are concerned that higher utility costs will be passed on to consumers. Before implementation, the legislature has the opportunity to offer feedback on PCMs or provide an alternative.
Read more about the PUC vote from The Texas Tribune.
Learn more about lawmakers’ reactions at KERANews.
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About Payless Power
Payless Power wants to be your Texas electric company.
Whether you live in a large city or small town, Payless Power can save you money on your Texas electricity. We serve customers in over 400 deregulated communities in Texas with both traditional, postpaid plans on monthly billing cycles, and prepaid electricity that is pay-as-you-go with no deposit or credit check required.
We work with principal utilities throughout the state to provide electricity. The utilities are: Oncor in the Dallas and Fort Worth Metroplex and various parts of West Texas; CenterPoint Energy in Houston and the surrounding areas; AEP Central in Corpus Christi and surrounding areas; and AEP North in Abilene and other North Texas communities.
