June 24, 2021
Texas PUC Adopts Changes To Low Price Cap In ERCOT, Rejects Make-Whole Cost Allocation Recommendations From Retail Providers
The Texas PUC adopted without modification a draft proposal for adoption to modify the value of the low system-wide offer cap (LCAP) in ERCOT by eliminating a provision that ties the value of the LCAP to the natural gas price index, and replacing it with a provision that ensures resource entities…