What you need to know about Texas’ complex — but important — electricity market reform plan

Source: By Emily Foxhall and Alex Ford, Texas Tribune • Posted: Thursday, March 2, 2023

The idea, which still lacks some important details and could be changed by state lawmakers, would change how electricity is paid for in tight times. We explain it for everyday Texans.

El Paso Electric’s natural gas-powered Newman Generating Station in El Paso. The state’s Public Utility Commission is proposing changes to the state’s electricity market that aim to give companies a financial incentive to build more gas-fired plants or extend the lives of current plants. Justin Hamel for The Texas Tribune 

The energy-only market