“Much of the generation named by ERCOT as qualified under their latest RFP is generation units that were recently retired, many because they could not compete with the artificially low prices that heavily subsidized wind and solar can offer, so they are still operational.”
The Electric Reliability Council of Texas (ERCOT), the planning agency for 90% of the state’s grid, has a wind/solar tiger by the tail. As the agency does not exchange power with its out-of-state neighbors to avoid federal (FERC) jurisdiction, it is looking at home for able, firm generation that wind and solar unfairly (via government intervention) put out of operation.
Background
ERCOT is (in)famous because its grid almost collapsed during Winter Storm Uri in February 2021. The Texas electricity grid had lost so many generators due to the storm that it was only 4 minutes and 37 seconds from collapsing, which would have required a restart from a “black start.”…
Continue Reading” … we have to acknowledge that property rights in climate *cannot* be defined fully and we thus have to find some shared institution for governing the climate commons and managing emissions.” (Kiesling)
“One can think humans are causing the planet to warm but logically and humanely conclude that we should do nothing about it.” (Horwitz)
Lynne Kiesling is an electricity specialist who describes herself as working in the classical liberal tradition. Problem is, she refuses to define what classical liberalism or a free market is in regard to electricity. She instead endorses central government planning for the wholesale grid, among other Statist proposals. [1] In so doing, she ignores how the traditions she espouses argue against her positions (Hayek on central planning, Coase on transaction costs, Public Choice on politicization, etc.).…
Continue ReadingEd. Note: For posts at MasterResource on the comments of Julian Simon award recipients, see the appendix below.
This past February marked 25 years since my father’s death. In 2001, CEI began awarding the Julian Simon Memorial Award. My family deeply appreciates not only that CEI established this award, but also that CEI now has continued this award for 23 years.
The first award went to my father’s long-time collaborator, Stephen Moore. Steve, by the way, now leads the Committee to Unleash Prosperity. I hope you all subscribe to the Committee’s excellent and free Hotline.
This year’s award recipients, Marian Tupy and Gale Pooley, began working together a few years ago on a very ambitious project that last year reached an apex with the publication of their book, Superabundance.…
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