Earlier this month, I had the opportunity to speak on a panel entitled, Resource Adequacy & Demand Response: Ensuring Texas’ Future Reliability at the 7th Annual Platts Texas Energy Markets Conference in Houston, TX. Following fellow panelists, “Trip” Doggett, CEO of ERCOT; Milton L. Holloway, President and COO of the Center for the Commercialization of Electric Technologies; and John W. Fainter, Jr. President and CEO of the Association of Electric Companies of Texas, I spoke about EDF’s work with the Pecan Street Research Institute (Pecan Street) to test and deploy various smart grid consumer products.
One of the many cutting-edge research projects being conducted by Pecan Street is an examination of consumer behavior with regards to energy usage. Trends in the data show that giving people the ability to control their energy use, and their energy generation, generally results in cost-effective, environmentally-conscious decisions. These shrewd decisions are becoming increasingly important as Texas faces a lack of energy resources to meet the state’s increasing need for more electricity.
With July just around the corner, the summer heat is ramping up in Texas, and the Electric Reliability Council of Texas (ERCOT) is preparing for extreme temperatures to push the electric grid to its limits. State regulators and ERCOT stakeholders are urgently seeking a solution to the looming Texas Energy Crunch. The Public Utility Commission of Texas (PUC) has already raised the maximum price in the electricity market a number of times, but this is a band-aid for the problem, not a long-term solution. Read More