Search Results for: "Windfall"
Relevance | DateDenton, TX: Grid Reliability Sinks Renewables
By Wayne Lusvardi -- August 4, 2021 No CommentsMany Denton customers were stuck with astronomical electricity bills under the green power “choice” plans.
Denton, Texas, population 140,000, located in the Dallas-Fort Worth metroplex, received national media attention for its $9,000 per megawatt hour ($9.00 per kilowatt hour) electricity price spike during the February 2021 Texas Freeze power crisis.
Although not reported by the media as such, it was an unintended consequence of naive green dreams and “environmental justice” gone wrong.
“Green” Energy Planning
Home to two universities and a junior college, Denton is a Progressive Left city that:
- Banned fracking within its city limits (later reversed by Gov. Abbott)
- Contracted for 180 megawatts from the Blue Bell Solar Plant
- Recorded 40 percent renewables, partly by ending its contract with the now mothballed Gibbons Creek Coal Power Plant
- Built its own natural gas power plant (2018) to provide backup power to its customers and sell the excess into the ERCOT grid.
ERCOT’s SNAFU: $16 Billion? $30 Billion? (perils of central planning)
By Bill Peacock -- March 17, 2021 3 Comments“Other than desperation, why would the commissioners have increased electricity prices to the point that Texans paid more for electricity in one week than they had for the last three years combined?…. At the heart of the PUC’s decision seems to be a belief in theoretical market constructs over actual markets.”
“At the time, the new PUC chairman, Arthur D’Andrea, noted, ‘I think we all expected that when we were in load shed we would be at $9,000.’ In other words, the commissioners did not care what market prices actually were. They were going to impose their vision on the market, regardless.”
The Electric Reliability Council of Texas (ERCOT) is a government agency advertised as a ‘nonprofit corporation.’ It is also a government planning agency, not a free-market institution, under the thumb of state legislators and regulators.…
Continue ReadingPresident’s Day: Best and Worst, Energy-wise
By Robert Bradley Jr. -- February 15, 2021 2 Comments“There are far too few heroes and far too many failures in the history of presidential energy politics.”
Who can claim to be a true energy President from a pro-consumer, pro-taxpayer, pro-free-market perspective?
Which U.S. heads qualify for an anti-energy label for violating economics 101–and endangering the health and welfare of all of us who rely on the MasterResource?
Of the 30 or so candidates in the Lincoln-to-Biden era (the first commercial oil well dates from 1859), just a few names compete for the best, while many more vie for the worst.
Two Best: Trump and Reagan
The best two from a classical liberal perspective are Donald Trump and Ronald Reagan. A third candidate just does not come to mind, certainly in the modern energy era.…
Continue ReadingJimmy Carter Was Right?
By Robert Bradley Jr. -- September 17, 2020 4 Comments“Jimmy Carter was right in exhorting Americans to turn down their thermostats, even if he did look nerdy in a cardigan while urging us to do so.”
“An energy crisis is again upon us. Soaring gasoline prices and oil imports are daggers aimed at the heart of our stumbling economy.”
– Joseph Wheelan, “Is it Safe Now to Admit Jimmy Carter Was Right?” (July 2008).
It’s back to Jimmy Carter with the Biden/Harris (or Harris/Biden) ticket. The Democrats might not admit as much, but the “soft energy path” of the 1970s is back in vogue with climate change replacing fears of oil and gas depletion and of oil imports.
Consider this piece by Joseph Wheelan, “Is it Safe Now to Admit Jimmy Carter Was Right?” (July 2008) that with some updating on the villains could pass for an op-ed today.…
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