Texas Regulators Vote to Claw Back Some Payments From Cold Snap

March 4, 2021 0 By boss

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Smaller retailers who tend to be thinly capitalized have been particularly hard-hit and many now face bankruptcy. Just Energy, Texas’s largest independent retailer, is among those asking the utility commission to waive its obligation to pay while it challenges the electricity prices set by the grid operator, known as Ercot, during the crisis. Small generators including EDF Renewable Energy and RWE Renewables Americas LLC have asked the commission to retroactively cap the price of certain power services at $9,000 a megawatt-hour for the days after the immediate crisis.

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