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The cumulative impact of the recent retirements amounts to about 40% of ERCOT’s coal generating capacity. The transition to updated gas-fired plants and away from uneconomical coal as a fuel source has prompted the closures. The retirement of aging, uneconomical coal plants and lack of immediate replacement in these assets has caused the supply of electricity to decline. Also, renewable energy sources (especially wind) have become more economical for generation companies, but a noteworthy number of these projects have been delayed.
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Texas began deregulation of its energy markets starting in 1999, giving residents the power to select an energy provider. In response, a number of companies sprang up to compete for business. Now, Texans have a wide variety of options in selecting an energy provider. So why choose Spark Energy?
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