The catastrophic snowstorm winter storm that hit Texas last month resulted in large scale power outages and skyrocketing wholesale energy costs. The State of Texas has a largely independent power grid (ERCOT) that is only partially connected to the rest of the nation’s power grid, making it more...
During the catastrophic winter storm in Texas last month, demand for energy went beyond what the state’s grid could supply and generation sources failed. The result was a historic price spike in wholesale energy prices. In Texas’s deregulated market, some energy providers were not insulated from...
Sustained record low temperatures in almost every part of the State of Texas during the catastrophic snowstorm last month not only created a huge demand for electricity, but also incapacitated nearly half of the state’s power generation resources. Plants and gas lines struggled to produce in the...
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