What is that supposed to mean?
It seemed great at first because the prices were really cheap, but the lack of good oversight meant the winterization didn't cover the 20 year horizon let alone a 50 or 100 year one. Temps got unusually cold in 2021 which led to huge power outages, deaths and incredible price problems, up to 180x[0].
The consumer's total costs over the course of a year are lower in Texas than a California, by a large magnitude.
I realize some people just had a perfect storm of a large monthly bill, but seems like that could be solved by more regulation on the pricing cap side while still leaving the production to be a more open system. I believe Texas has already moved in that direction.
Adding price cap regulation will necessarily raise the average prices to pay for the occasions that the price goes 180x, or even 30x. There's no free lunch.