Phase One Ends, What Will Define Phase Two?

What worked, what didn't, and what comes next in the PUC's market redesign initiative

Last week, the PUC, in one of new Chair Thomas Gleeson’s first acts, declared Phase 1 of the ERCOT market redesign to be over. 

Good riddance.

Phase 1 was a tortured effort that resulted primarily in higher costs for beleaguered Texas consumers. Yes, the state avoided supply-driven blackouts — but then again, that happened in the decade before 2021’s Wint…