“… communications between different regulatory agencies as the event approached were inadequate. Transparency regarding the location of natural gas supply infrastructure was atrocious.”
“Currently Texas is #1 in the nation in terms of existing wind capacity. It is also #1 in terms of planned capacity additions for wind and solar, and #2 in the nation for planned battery capacity additions. However, there is little-to-no planned capacity addition for other forms of dispatchable generation. This could become an issue for reliability.” (Baker Institute, study, below)
There is not only government failure in the quest to address market failure. There is analytic failure in identifying market failure that government is empowered to correct. Restated, problems attributed to markets are often the result of prior government intervention on close inspection.
This is true with some classic examples in the energy field, from the origins of public utility regulation of electricity to oil overproduction under the ‘rule of capture’, stories for another day.…
“Although many may think the New England region is immune to an energy crisis past summer, winter peak demand is the issue.”
“New Englanders are largely unaware that the light at the end of the clean energy transition tunnel is not a train, it’s a blackout.”
Europe is facing an existential crisis – having sufficient affordable heat and electricity this winter for its populations. People are not only suffering ahead of winter’s arrival, but the likelihood of people dying because of this crisis is growing.
A similar challenge is being faced in many U.S. power markets. Can the worst of the potential outcomes be avoided, or are we on a path that will only worsen for our residents?
In May of this year, Federal Energy Regulatory Commission (FERC) commissioner Mark Christie said the country was “headed for a reliability crisis.”…
James Hansen is a mixed bag. In important areas, he speaks truth to power and is a thorn in the side of “magical thinking” wind-and-solar “environmentalists.”
But the blinders are on when it comes to climate sensitivity to greenhouse gases; market entrepreneurship for adaptation/resiliency; the benefits of carbon dioxide (CO2) emissions for Global Greening; and the positive effect of moderate warming for many people in many places of the world for most of the year.
Here are some examples of Hansen at his best: