Reply With QuoteHere's the news on Texas.Originally Posted by JDNSW
The underlying story of what happened in Texas appears to be fairly clear. Like many states, Texas has a partly deregulated electricity market, but deregulation has gone further there than elsewhere. In particular, unlike other states, Texas chose not to provide power companies with incentives to install reserve capacity to deal with possible emergencies. This made power cheaper in normal times, but left the system vulnerable when things went wrong.
Texas authorities also ignored warnings about the risks associated with extreme cold. After a 2011 cold snap left millions of Texans in the dark, the Federal Energy Regulatory Commission urged the state to winterize its power plants with insulation, heat pipes and other measures. But Texas, which has deliberately cut its power grid off from the rest of the country precisely to exempt itself from federal regulation, only partially implemented the recommendations.
And the deep freeze came.
A power grid poorly prepared to deal with extreme cold suffered multiple points of failure. The biggest problems appear to have come in the delivery of natural gas, which normally supplies most of the state’s winter electricity, as wellheads and pipelines froze. Nor was this merely a matter of the lights going out; people are freezing too, because many Texas homes have electric heat. Many of the homes without electrical heat rely on, yes, natural gas. We’re looking at enormous suffering and, probably, a significant death toll.
Opinion | Texas, Land of Wind and Lies - The New York Times (nytimes.com)
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