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Texas power prices spike to 16x during spring heat wave
(fortune.com)
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this post was submitted on 19 May 2024
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Having power go out during peak summer never used to happen. Texas sucks ass, but genuinely we produce enough energy that we often sell it to the other energy grids from what I understand. We shouldn’t really have any brown/blackouts at all other than the freezes.
Ercot has been saying this for almost a decade at this point though. I’m not arguing it isn’t hotter than it used to be, I’m saying it’s more likely that they’re lying about the reasoning for it. Like their lack of modernization of the infrastructure in general.
ERCOT is a bazinga system operator set up by the characters from looney tunes. They're the only system operator without a forward capacity market. Everyone else pays uneconomic reserve plants money just to stay connected and ready to respond to demand spikes, but the brain trust at ERCOT decided it would be cheaper for rate payers to not do that. Turns out it is until it isn't, and the only way they have to balance supply with demand is to curtail demand with eye bleedingly high real time prices since there isn't enough slack in the system.