Uh right, so almost the exact same thing happened in 2011, and that is how the energy cap was raised to $9K/MWh. The idea being to incentivize the reliable oper

Uh right, so almost the exact same thing happened in 2011, and that is how the energy cap was raised to $9K/MWh. The idea being to incentivize the reliable operators to be reliable by paying them a fortune when the power is most needed. Which as we found out didn't exactly work that way because bean counters aren't happy to fund reliability for "what if" scenarios that happen once a decade. https://www.texastribune.org/2012/10/25/texas-regulators-act-texas-electricity-prices/ https://www.texastribune.org/2012/10/25/texas-regulators-act... This time around they largely just reverted that previous action and returned it to the earlier 2012 proposal (~5k/MHw), and recently have been talking about basically having the state government pay to build NG plants. (although i've not been paying real close attention to where those bills went). ex: https://www.texastribune.org/2023/04/13/texas-power-natural-gas-cost-senate-bill-6/ https://www.texastribune.org/2023/04/13/texas-power-natural-...