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Texas PUC Chair Questions If PCM Cost Cap Can Be An Average, Instead Of Absolute Annual Cost Cap
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In a memorandum in advance of tomorrow's open meeting, Texas PUC Chair Thomas Gleeson questioned how to apply the statutory $1 billion cost cap applicable to the performance credit mechanism (PCM)
The PUC is scheduled to consider an ERCOT filing on draft design parameters options
at tomorrow's open meeting
Gleeson asked in a memo outlining various questions: "The $1 billion cost cap. Should this be an absolute annual cost cap or an average
annual net cost cap? What affect does the cost cap have on the feasibility of achieving
target reliability?"
HB 1500 provides that PCM may not be adopted by the PUC unless, among other things, the PUC ensures that, "the net cost to the ERCOT market of the credits
does not exceed $1 billion annually, less the cost of any interim or
bridge solutions that are lawfully implemented, except that the
commission may adjust the limit: (A) proportionally according to the highest net
peak demand year-over-year with a base year of 2026; and
(B) for inflation with a base year of 2026[.]"
Project 55000
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March 6, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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