ERCOT kept prices high during the blackout per the governor's instructions, the agency's former head says.
Before the blackout, electricity traded on the grid for about $50 per megawatt hour. ERCOT and the Public Utility Commission's decision to increase the price to $9,000 and peg it there even after energy started returning to the grid created billions of dollars of debt for utilities and ratepayers across the state.
The Public Utility Commission oversees ERCOT; as chair of the commission, Walker was an Abbott appointee.” in the decision to keep energy prices high.
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