Search Results for: "Texas Blackout"
Relevance | DateStorm Uri: The Supreme Court’s Decision (Part 3)
By Bill Peacock -- January 26, 2024 1 CommentEditor’s Note: The following concludes a three-part series by the Energy Alliance, a project of the Texas Business Coalition, examining how the Public Utility Commission of Texas has violated consumer choice and market forces in the Texas electric market. Part I was Storm Uri: The PUCT’s $26 billion Electricity Tax and Part II: Texas Defeats Electric Competition.
“The lack of investment in reliable and dispatchable sources of generation in ERCOT has already led to a decline in the reliability of the grid…. Further declines in generation from dispatchable sources will further increase prices for Texas consumers—on top of whatever price hikes the PUC may have planned for them.”
At stake in this case is whether Texans might experience some relief from the billions of dollars from the tax that have been passed on to them in the form of higher monthly electricity bills.…
Continue ReadingStorm Uri: The PUCT’s $26 Billion Electricity Tax (Part I)
By Bill Peacock -- January 24, 2024 No CommentsEditor’s Note: The following is the first part in a three-part series by the Energy Alliance, a project of the Texas Business Coalition, examining how the Public Utility Commission of Texas has violated consumer choice and market forces in the Texas electric market. MasterResource presents this analysis as an example of the perils of central planning and government monopoly.
On January 30, the Texas Supreme Court will hear arguments to determine the legality of a 2021 Public Utility Commission of Texas (PUC) rule that effectively imposed a $26 billion monopoly tax on buyers of electricity during Winter Storm Uri. The lawsuit to overturn the PUC’s decision was filed by electricity generator Luminant and others who lost money because of the PUC’s decision. [1] The Texas Third Court of Appeals found in favor of Luminant, ruling last year that the PUC’s price-setting rule was illegal.…
Continue ReadingSheridan Shakes the Texas/ERCOT Narrative (fossil fuels did rescue wind/solar)
By Robert Bradley Jr. -- January 19, 2024 5 Comments“All summed, thermal generation accounted for 66.1 GW (90.8%) and 66.7 GW (86.6%) of systemwide demand during these [conservation alert] periods on Monday and Tuesday. Yet, if one were to read the analyses of many industry analysts/consultants and the media outlets that parrot them, it’s wind and battery assets… like manna from heaven…. that kept the lights on when things got tight.”
Doug Sheridan speaks truth to power. He is one of many “non-experts” who has become expert in climate and energy out of a basic sense of right-and-wrong versus the politically correct narrative.
In a recent post criticizing the mainstream view of wind and solar versus the reliables regarding the avoided blackouts in Texas by ERCOT, he provides “his take.” The entire 480-word post follows:
Having exhausted all efforts to find good-faith analyses by competent power-industry professionals or media experts focused on the condition of the Texas grid at critical points during severe cold spells, we’ve resorted to doing the analyses ourselves.…
Continue ReadingClimate Policy vs. Classical Liberalism: The Curious Case of Jonathan Adler
By Robert Bradley Jr. -- November 14, 2023 No CommentsThe ability and beneficience of free minds and markets to handle the unknowns of future weather and ‘climate change’ has a strong intellectual case. Such is more true today than when the global warming debate began in the late 1980s and early 1990s.
Four decades on, the case of classical liberalism against climate alarmism and forced energy transformation remains intact and strong–probably stronger than ever given the “saturation effect” of greenhouse gas (GHG) forcing. [1] In fact, the debate should be not about the weather or climate but about Statism, that gargoyle of government intervention that makes rich people poorer and keeps poor people poor. Regarding climate, statism is what sets up the problems that are too often simplistically and erroneously blamed on ‘weather’ or ‘climate’.
I bring this up in relation to a new book that ignores and dumbs down the free-market, classical-liberal viewpoint on energy/climate in the name of … “classical liberalism.”…
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