The Texas Supreme Court has ruled that state regulators were correct to raise the price of electricity to its maximum level during a 2021 winter storm, despite a challenge from a power generator claiming it lost over a billion dollars due to the freeze. The decision reverses a lower court ruling issued in March 2023, which had been in dispute over whether wholesale electricity prices should be set at their maximum level to prevent grid failure. The state’s emergency order lifted electricity prices to $9,000 per megawatt hour during the storm, supported by the Electric Reliability Council of Texas (ERCOT).
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
