Posted on Feb 27, 2021
The Power Is Back On In Texas. Now Comes The Recovery, And It Won't Be Cheap
335
4
2
2
2
0
For Texas, it's looking like a daunting power bill.
The Lone Star State racked up tens of billions of dollars in electricity expenses, as a free-wheeling market design sent prices skyrocketing. It tallied tens of billions more in damage and economic losses from blackouts.
The state could spend years paying down those costs — costs that many experts say were avoidable had Texas taken pre-emptive steps to leave its independent, isolated power system better prepared for this month's winter storms.
So far, a lot of attention has focused on one element of the financial fallout: the extraordinarily high bills some Texans have received for the power they used during the crisis.
The Lone Star State racked up tens of billions of dollars in electricity expenses, as a free-wheeling market design sent prices skyrocketing. It tallied tens of billions more in damage and economic losses from blackouts.
The state could spend years paying down those costs — costs that many experts say were avoidable had Texas taken pre-emptive steps to leave its independent, isolated power system better prepared for this month's winter storms.
So far, a lot of attention has focused on one element of the financial fallout: the extraordinarily high bills some Texans have received for the power they used during the crisis.
The Power Is Back On In Texas. Now Comes The Recovery, And It Won't Be Cheap
Posted from npr.org
State of Texas
Energy
Oil and Energy
Posted 4 y ago
Responses: 2
2
2
0
One case of deregulation gone astray. Some will get $5000 residential bills. ERCOT says it's all supply and demand. The list of Directors that have resigned is growing. They have offered extended payment plans to consumers.
(2)
(0)
0
0
0
Don’t forget that when the Texas Power Board asked for a waiver From the Department of Energy to run power plants at full power which would emit more pollution than EPA standards allowed. The Department of Energy OK’d running at Max capacity BUT TEXAS HAD TO PAY $1,500/mega watt hour. No this wasn’t unregulated. https://www.energy.gov/sites/prod/files/2021/02/f82/DOE%20202%28c%29%20Emergency%20Order%20-%20ERCOT%2002.14.2021.pdf
(0)
(0)
Read This Next
Continue with Facebook 
Continue with Google