TXOGA Statement on Electricity Market Assessment that Shows PCM Would Cost Consumers Billions with No Guarantee of New Capacity

AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement following the release of the final results of Bates White’s Assessment of ERCOT Market Reform Alternatives:

“Reliability in our electric grid is essential to meet Texans’ basic needs, but so is controlling extreme costs. Having a firm and meaningful cap on the cost exposure of a Performance Credit Mechanism (PCM) is of the utmost importance to protect consumers from open-ended electricity costs.

“Without a meaningful cost cap, generators are given a blank check, and consumers will have imposed on them a giant electricity tax. All consumers should ask their legislator to protect Texas electricity rate payers from a run-away program.”

+++

Founded in 1919, TXOGA is the oldest and largest oil and gas trade association in Texas representing every facet of the industry.

Stay Updated

Get quick updates in our e‑newsletter.

Related Updates

May 2, 2024

El Paso - The Texas Oil and Gas Association (TXOGA) has partnered with Marathon Petroleum Corporation’s El Paso Refinery to bring the Mobile Energy Learning Unit (MELU) to five schools in El Paso this week, providing hundreds of elementary students a unique opportunity to learn about STEM education and careers in energy through the hands-on, interactive learning exhibit.

Subscribe to our mailing list!

Sign up for our newsletter to stay updated on all the latest news and events.

NOTE: Fields with an asterisk * are required.

Contact us

If you are interested in Formula Membership please complete the form and we will be in touch shortly.

NOTE: Fields with an asterisk * are required.