From Texas Public Radio :
“It just feels like there’s… this huge overhang over the whole market — that somehow needs to be reconciled,” said Beth Garza, a senior fellow with the R Street Institute think tank and, until 2019, the independent market monitor for the Electric Reliability Council Of Texas electricity market.
The current market monitor says electricity prices were too high for too long during the storm, resulting in about $16 billion of overcharges in the final 32 hours of the crisis. The monitor has repeatedly recommended that the Public Utility Commission retroactively lower prices, which the agency has so far declined to do.
“We’re looking at independent market monitor recommendations that really would shrink the pie by $5 billion,” Garza said.
- “Texas Public Radio”: https://www.tpr.org/government-politics/2021-04-06/texas-policymakers-split-on-electricity-repricing-natural-gas-reforms-in-aftermath-of-winter-storm