Wholesale power cap goes up in Texas

On Sunday, the maximum price generators can charge for wholesale electricity in Texas’ competitive electricity market rose to $7,000 per megawatt-hour.

The cap, set by the Public Utility Commission of Texas, had been $5,000 megawatt-hour.

In a story at HoustonChronicle.com, FuelFix reporters explore what the change means for consumers, retail electric providers and generators.

The higher wholesale prices are meant to be an incentive for power generators to bring more capacity into the market.