Texas just dodged a repeat of 2021 outages, but its power sector has a long way to go, analysts say
Already approved Phase I initiatives will take time to design, test and implement, and there has been “no groundwork or meaningful action” on the Phase II proposals, said Beth Garza, former director of ERCOT’s Independent Market Monitor and currently energy and environmental policy senior fellow for consultant R Street. The Blueprint “is not the end of a sprint, it is the start of a marathon,” she added.
“It is easier to do things fast and [it’s] harder to do them well,” and to do market design well, it should be done deliberatively, Garza said.
The RCT has a different approach to regulation of natural gas suppliers than the PUCT uses to regulate electricity, Wood, Garza and others agreed.