In Grid Debate, New Info Doesn't Sway Opinions (blog 3)

In the article that I have read, I get a feeling the author is leaning himself towards the side that is pushing for Texas to switch over to “capacity” market, instead of staying on the old fashion “energy only” market. I believe that this is only because that, if we do switch to the “capacity” market. Capacity market supporters say that there is only a 1-2 percent increase in charge. “The report suggests that switching to a capacity market would cost consumers about $400 million per year in the long run. That includes $3.2 billion in capacity payments to generators, with $2.8 billion in reduced costs of the electricity itself because of increased market certainty. Though the $400 million tab appears huge, it would only amount to a 1 percent increase in electricity rates in Texas.” (Jim Malewitz).

http://www.texastribune.org/2014/02/04/grid-debate-new-info-does-little-sway-opinions/