Disconnect: Texas Generator Pushes for Capacity Market Day After Capacity Market RTO Forced to Involuntarily Shed Load Due to Inadequate Supply

A day after PJM was forced to involuntarily shed firm load due to a lack of available generation supply (click here for story), a Texas capacity owner has said that the "long-term solution" to the challenges facing the ERCOT grid is, "some form of capacity market."

Specifically, Moray Dewhurst, vice chairman and chief financial officer of NextEra Energy, Inc., while addressing the Barclays CEO Energy-Power Conference on Wednesday, answered a question concerning potential changes to the Texas market design by stating:

"I would say that we continue to be mildly optimistic, although it does seem to take a little longer than we might hope for. Obviously, with the new commissioner, who has expressed the desire and the need to really study the issues and learn what's going on and with the relatively very mild summer, that's certainly taken some of the urgency out of the issue. I still think it's going to keep coming back as an issue. I still think the long-term solution is some form of capacity market, but we are just going to have to see."