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State lowers price cap for power providers

December 08, 2021 - 00:00
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State lowers price cap for power providers

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 ...

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