Texas, the biggest electricity consumer in the U.S., faces a shortage of power to fuel its growing economy that may force the most extensive overhaul of
the state’s competitive market since deregulation in 2002.
Texas utility commissioners and grid operators are studying whether to allow the nation’s highest peak wholesale power prices to triple, part of a bid to encourage power-plant
construction and avoid blackouts as early as 2014.
THE introduction of the $9 billion carbon tax could send shockwaves through the food manufacturing sector, after the nation's most powerful retailer warned yesterday that it would challenge proposed price increases from its suppliers and would resist passing the cost of the new tax on to consumers.
BERLIN — More than a year after pledging to drop nuclear power, Chancellor Angela Merkel has acknowledged that her ambition for a Germany that runs on renewable energy is falling behind schedule and faces a range of obstacles, not least the revamping of the energy grid at a cost of billions of euros.