Good News and Bad News from Price-spike Induced Failure of Retail Power Company in Texas
Michael Giberson We know that several Texas generators were unprepared for the possibility of severe cold on February 2, and now comes word that at least one retail electric provider was similarly unprepared for the possibility of price increases. ERCOT real-time power prices jumped to about $3000/MWh for most of the emergency period that morning. …
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