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Texas avoids capacity market while France succumbs / Fereidoon Sioshansi, EU energy policy blog,29/11/2012http://www.energypolicyblog.com/2012/11/29/texas-avoids-capacity-market-while-france-succumbs/Few would argue with the claim that Texas has the best wholesale and the most competitive retail electricity market in the US, if not the world. But it suffers from an ailment called inadequate resource adequacy. Private investors, who are the key stakeholders in building generation capacity, appear unable and/or unwilling to invest sufficiently in what the regulators and the market operator would like to see in terms of a comfortable reserve margin...