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ERCOT's Market Design Challenges Texas
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Texans faced higher wholesale electricity costs and conservation calls in 2023 due to ERCOT's flawed market design hindering investments in reliable electricity. Despite low natural gas prices and renewables, insufficient plant construction led to outages and high prices.
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How can ERCOT improve its market design to encourage investment in electricity infrastructure?
How might the electricity market in Texas impact consumer costs and economic growth in the state?
What role do renewable energy sources play in addressing Texas' electricity supply issues?
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