> What is the alternative Other markets in the US are generally energy + capacity markets -- you get paid both for what you actually provide and for your ability to provide a certain level of power, whereas Texas is an energy-only market (EOM). It needn't be the case that that if you don't do an EOM, you have to have a monopoly.

Definitely you could operate on a capacity model instead of generation. There are a lot of levers. My issue is mostly around how much uninformed hate a “free market” energy system gets.