Texas Grid Roundup #15, June 12, 2024

Legislative grid hearings underway; IMM: new renewables lowered prices in 2023; ERCOT Board materials show big jump in batteries; new reliability standard will likely move forward at PUC tomorrow.

Today in the Grid Roundup:

• The Texas House had a grid hearing Monday and the Senate committee hearing is underway right now. Some initial observations are below;

• According to the Independent Market Monitor, new renewable energy reduced market prices in 2023;

• ERCOT Board materials show major jump in batteries; and

• PUC set to move forward and open formal comment period on a new reliability standard at their Open Meeting tomorrow.

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Legislative grid hearings underway