January 19, 2023
Texas PUC "Adopts" Performance Credit Mechanism, Obligation For REPs; Won't Implement Immediately, Will Defer To Legislature
PUC Chair: PCM May Help Separate The "Wheat From The Chaff" Among REPs, Calls Some REPs Fly-by-Night
The Texas PUC voted to "adopt", without immediate implementation, a performance credit mechanism (PCM) for the retail market, which will require REPs to procure, through a centrally cleared mechanism, performance credits (PC)