State lowers price cap for power providers December 08, 2021 - 00:00 Posted in: Viewpoints The state’s Public Utility Commission last week lowered the maximum allowable wholesale price for electricity by almost half, from $9,000 per megawatt hour to $5,000.The move came after prices soared to the maximum during last February’s deadly freeze, causing financial havoc along with the widespread power outages. A number of ...PLEASE LOG IN FOR PREMIUM CONTENT. Our website requires visitors to log in to view the best local news. Not yet a subscriber? Subscribe today!