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Energy Market in Texas: Challenges and Opportunities
The chapter provides an in-depth look at the energy market in Texas, focusing on the high electricity consumption in the industrial sector driven by the oil and gas industry. It delves into the growing demand for electricity in the state, factors influencing this demand, and challenges faced by ERCOT in accurately predicting power demand. The discussion also covers the significant growth of solar and storage in Texas, the impact of state subsidies on gas plant development, and the transformative effect of acts incentivizing clean energy investments.