A highly anticipated report on the costs and effectiveness of three proposed reforms to the Texas electricity market is here. And the results aren’t great. 

One of the proposals, which resembles the California electricity market, would increase the cost of Texas electricity by $22.8 billion over the second half of this decade without significantly improving reliability, according to the report. 

How did we get here, and what’s next for ERCOT? 

Texas Power Podcast host Doug Lewin is joined this week by Dr. Joshua Rhodes, who is a research scientist at the University of Texas at Austin, a non-resident fellow at Columbia University, and a founding partner and the CTO of IdeaSmiths LLC.