Sioshansi believes competition provides some downward pressure for companies to operate and supply energy at the lowest cost possible, and as a result Texas has seen a very high switch rate.

Pablo Vegas, the CEO of Texas grid operator ERCOT, said supply will be lowest compared to demand around 8 a.m. Thursday.

(Joseph Bui For The Texas Tribune ... six months after CenterPoint Energy came under fire for its response to Hurricane Beryl — and its proposal to raise its rates — Houston’s main ...