The PUC made a huge mistake here. If the goal was to increase supply, they should have only increased the rate on supply above the average of the previous N hou

The PUC made a huge mistake here. If the goal was to increase supply, they should have only increased the rate on supply above the average of the previous N hours. If a supplier was generating 1000kw for the last 12 hours, then if they increase that to 1100kw then that extra 100kw should have been at a higher rate. All the PUC did here was give a tremendous amount of money to power suppliers that had already failed. I spent a lot of time watching the ERCOT real time system conditions page. Prior to the beginning of the blackouts, there was ~65GW of capacity. Within 6 hours of the rolling blackouts, capacity dropped to ~45GW and remained there for the duration of the crisis. The increase in rate did nothing to increase supply.