Texas PUC doubles down on refusal to reprice $16B market ‘error’ under pressure from leg, governor
The PUC is holding another hearing Friday morning to revisit the issue. Former ERCOT market monitor Beth Garza, now a senior energy fellow with R Street Institute, said that while she does not envy D’Andrea’s position, she thinks repricing is still the right call.
Although the chairman is correct that, as he put it, “unscrambling the egg” or retroactively changing the price despite all the decisions that are made after a price is set is risky and difficult, this situation may call for it, said Garza.
“Unfortunately, I think the dollars are just so big, we’re going to have to go through some effort to try to unscramble the egg,” she said.
