Court: State Agency Set Electricity Prices Too High During 2021 Storm

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A state appellate court is ruling against a state agency over electricity prices during a 2021 storm. The court ruled yesterday that the Public Utility Commission set prices too high during the deadly winter storm that hit Texas in February 2021. The agency raised prices to nine-thousand-dollars per megawatt-hour on February 15th and 16th of that year. The commission had intended for the price hike to let the market know more power generation was desperately needed. It's not yet clear what consequences the commission will face or if it will affect customers.


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