Ken Silverstein on Forbes details how deregulation is not the central culprit for Texas’ electricity culprit.
- The extreme weather events that took place in Texas led to power outages and blackouts.
- While many are blaming the deregulated energy market in Texas for these outages, there are many factors to consider.
- In order to avoid an electricity crisis in the future, Texas should first upgrade its energy infrastructure to provide reliable electricity no matter the weather.
“Former FERC Commission Wood says that while ERCOT could have done a better job forecasting load requirements, it did the best it could with the hand that it was dealt. In other words, severe weather conditions caused generators to go offline, especially those using natural gas — a fuel that provides 43% of the state’s electricity. He likened the system operator’s role to that of an air traffic controller, who ensures that planes land safely. “
Read the full article here.
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