Ongoing threat to grid lowers outlook for Texas utilities bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
This op-ed is part of a series published by The Dallas Morning News Opinion section to explore ideas and policies for strengthening electric reliability..
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Beginning on February 13, 2021, something unprecedented happened in the state of Texas a winter storm caused temperatures to dip well-below freezing. This event, dubbed the “Black Swan Winter Event,” caused Texas to experience a catastrophic energy crisis. As demand for energy soared, supply plummeted as power plants tripped offline and natural gas supply lines froze. The storm raged on, and on February 16, the Public Utility Commission of Texas (“PUCT”), which oversees the Electric Reliability Council of Texas, Inc. (“ERCOT”), issued a directive to ERCOT (an independent system operator that serves as a clearinghouse for market transactions between electricity buyers and sellers throughout the majority of Texas) instructing it to raise prices to $9,000 per MWh. The previous three months’ average was between $21 and $29 per MWh.
Did Lawmakers Fix Texas s Electric Grid? – Texas Monthly texasmonthly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasmonthly.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Texas lawmakers are poised to pass several measures designed to help pay for the billions of dollars of energy costs stemming from catastrophic blackouts during the severe winter storm that hit the state this year.