TEA says it continues to pick up subscribers and more than 20 public entities in Texas have signed letters of interest representing over 150 MW of minimum electricity load, including “some of the largest cities, universities, hospitals and school districts in the state.”
The program aims to reduce costs for all subscribers as new volume benchmarks are reached.
“It’s an upside-down process we’re using,” TEA President TJ Ermoian told Utility Dive. “Developers just hound us because they know who we’re buying energy for … they’re all looking for large credit-worthy off-takers. We’ve gone and gotten the most desirable loads in a really hot market for wind and solar both.”
