The Center for Energy Studies (CES) at Rice University's Baker Institute for Public Policy recently released an important report, titled ‘ERCOT and the Future of Electric Reliability in Texas’, that highlights the imminent need for investment in:
- dispatchable forms of generation that can be called upon when intermittent resources are not available while load is high;
- storage capacity in utility areas and/or alongside industrial consumers;
- production area storage capacity alongside wind and solar generation;
- transmission capacity to alleviate existing constraints; and
- future generation capacity that is sited closer to load centers to avoid grid-level bottlenecks.
As usual, the CES team has done their homework and makes a data-driven, thoughtful case for needed investments and changes in policy. Well worth a read if you want to understand some of the key drivers to continued growth in Texas.
https://www.bakerinstitute.org/research/ercot-and-future-electric-reliability-texas
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