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).
Dr. Perryman explains the difference in competition for power and competition for capacity.
Dr. Perryman provides an overview of his firm's findings.
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.
Dr. Perryman describes the structure of Texas' power grid and how it contributed to the power issues Texas experienced during the recent winter storm.
Dr. Perryman describes the economic impacts that accompany such an extreme weather event.
What went wrong with the Texas power grid during the recent extreme weather event? Everything - but it's complicated.
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.