Post Thumbnail
Preliminary Estimates of Economic Costs of the February 2021 Texas Winter Storm
Brief Published on February 25, 2021

The recent extreme winter weather is unprecedented in Texas. Records were shattered, and the demands on the power grid were exceptional. When brutal conditions took down about 40% of generation capacity (wind turbines and conventional plants alike), disaster struck. Most people had to deal with power outages (sometimes for days in freezing temperatures) and millions had no water (again for an extended period).

Why was there a power capacity shortage during the recent winter storm?
Radio Spot Broadcast via Texas State Networks on February 25, 2021

Dr. Perryman explains the difference in competition for power and competition for capacity. 

What are The Perryman Group's latest estimates of the economic impact of the winter storm that impacted Texas?
Radio Spot Broadcast via Texas State Networks on February 24, 2021

Dr. Perryman provides an overview of his firm's findings. 

What is the role of natural gas in helping prevent mass power outages like Texas experienced due to the winter storm?
Radio Spot Broadcast via Texas State Networks on February 23, 2021

Dr. Perryman describes the structure of natural gas purchase and usage in the state and how it could be adjusted to help prevent future outages. 

What went wrong with ERCOT?
Radio Spot Broadcast via Texas State Networks on February 18, 2021

Dr. Perryman describes the structure of Texas' power grid and how it contributed to the power issues Texas experienced during the recent winter storm. 

How has the recent winter storm affected the Texas economy?
Radio Spot Broadcast via Texas State Networks on February 17, 2021

Dr. Perryman describes the economic impacts that accompany such an extreme weather event. 

What Went Wrong?
Column Published in syndication March 03, 2021

What went wrong with the Texas power grid during the recent extreme weather event? Everything - but it's complicated.

The Freeze
Column Published in syndication February 24, 2021

The recent extreme winter weather is unprecedented in Texas. Records were shattered, and the cold lingered for a spell. Most people had to deal with power outages (sometimes for days in freezing temperatures) and millions had no water (again for an extended period). The resulting stress and suffering defies measurement, particularly coming on the heels of a year of COVID-19.