Environmental News For The Week Ending 06 March 2019 econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.
Lessons from Texas: Co-ordinate and Relax Rules
Mar 4, 2021 3:05:pm
Summary
by: William Powell/Dale Lunan
Posted in:
Lessons from Texas: Co-ordinate and Relax Rules
Environmental restrictions on liquid fuel consumption and feeble incentives to draw investment in newbuild capacity were among the causes of the mid-February power crisis in Texas, a CERAWeek by IHS Markit panel agreed at a March 4 session. In a state with a growing amount of renewable energy, power prices were not high enough to justify the additional cost of catering for extreme events.
As a result, prolonged power shortages led to deaths by hypothermia even inside homes, according to press reports, while prices rocketed. But the situation would have been manageable if there were legal minimum supply standards, the panellists said.
Texas should winterize its electric generation plants or consider connecting its grid with other parts of the country to help avoid another deadly blackout like the one last month that left people without heat, power or water for days, experts at a top energy conference.
Texas will have to winterize its grid or interconnect with neighbors: experts reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.