Wholesale electric prices spiked during this week's severe winter storm in Texas as customers cranked their heat. This left some residents with bills upwards of $5,000 for just five days of energy use. Some analysts are saying this is a fault of being able to buy power at wholesale market rates, which can be beneficial to people during good weather but create issues in extreme circumstances like what happened this week.
is a Twitter News link, just gathering a lot of recent tweets on topic. I noted several of these already--including about one guy who got a bill for like $17,000 when his usual monthly bill is like $500, helped me really understand the system they got and why they chose it in Texas.
A lot of our utilities around the country are not so different, they have gone in this direction! Others also deregulated things-like here in NY ConEd still provides the infrastructure and is regulated, and still bills you monthly for delivering to your door and related service--BUT you choose among many providers for the actual gas and electricity, they compete on price. The problem with an open competitive unregulated market: PRICES USUALLY GO DOWN WITH COMPETITION BECAUSE THE MARKET IS LARGE, BUT SURPRISE GUESS WHAT--PRICES THEY CAN GO UP TOO when the commodity being provided becomes very precious and dear.
NYTimes' Editorial Board: The entire nation’s energy delivery system needs an overhaul.
The Texas disaster has been horrific. It has also teed up what must be the biggest overhaul of America’s critical infrastructure in a century. The moment of opportunity has arrived. It’s up to us to demand that it happen. https://t.co/wxluuF9cO7
Continent-spanning storms triggered blackouts in several states, halted one-third of U.S. oil production and disrupted vaccinations across the country.
As climate change brings more frequent and fierce storms, it will stress the country's infrastructure. Failure in one sector could have a domino effect
Photo Caption: Traffic at a standstill on Interstate 35 in Kileen, Texas, on Thursday. Joe Raedle/Getty Images
It's confirmed: The blackouts in Texas are primarily because of frozen instruments at gas, coal and nuclear plants -- as well limited supplies of gas, according to Ercot.
UPDATE: The Texas Commission on Environmental Quality told CNN that some 8.8 million people — roughly a third of the state's population — still have issues with their water supply https://t.co/nlR9DktaGr axios
"The collapse of the Texas power grid didn’t just reveal a few shortcomings. It showed that the entire philosophy behind the state’s energy policy is wrong," writes @PaulKrugman. https://t.co/xa2z0Bf94o nytopinion
Andrew Mitchell, his wife Kisha Pinnock, their 2 year-old son, Blake and Andrew's apprentice Isaiah Pinnock filled their truck with plumbing supplies and drove 22 hours from New Jersey to Texas to help people in need.
He may be an ass, but many people come across horridly on video without some coaching. It's delusional to think that public figures/speakers should assume just talking naturally is good enough. We all know the famous Nixon 5-o'clock-shadow (bad lighting) example. I personally have an awful news/voice-over voice, and slide into monotone and sullen whatever my normal proclivities.
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Some Texans are receiving extremely high energy bills following the severe winter storm
Wholesale electric prices spiked during this week's severe winter storm in Texas as customers cranked their heat. This left some residents with bills upwards of $5,000 for just five days of energy use. Some analysts are saying this is a fault of being able to buy power at wholesale market rates, which can be beneficial to people during good weather but create issues in extreme circumstances like what happened this week.
is a Twitter News link, just gathering a lot of recent tweets on topic. I noted several of these already--including about one guy who got a bill for like $17,000 when his usual monthly bill is like $500, helped me really understand the system they got and why they chose it in Texas.
A lot of our utilities around the country are not so different, they have gone in this direction! Others also deregulated things-like here in NY ConEd still provides the infrastructure and is regulated, and still bills you monthly for delivering to your door and related service--BUT you choose among many providers for the actual gas and electricity, they compete on price. The problem with an open competitive unregulated market: PRICES USUALLY GO DOWN WITH COMPETITION BECAUSE THE MARKET IS LARGE, BUT SURPRISE GUESS WHAT--PRICES THEY CAN GO UP TOO when the commodity being provided becomes very precious and dear.
by artappraiser on Sat, 02/20/2021 - 5:25pm
here's the story about the $17,000 bill and others:
by artappraiser on Sat, 02/20/2021 - 10:48pm
NYTimes' Editorial Board: The entire nation’s energy delivery system needs an overhaul.
by artappraiser on Sat, 02/20/2021 - 8:45pm
Texas Blackouts Point to Coast-to-Coast Crises Waiting to Happen
By Christopher Flavelle, Brad Plumer and Hiroko Tabuchi. Feb. 20, Updated 5:41 p.m. ET
Continent-spanning storms triggered blackouts in several states, halted one-third of U.S. oil production and disrupted vaccinations across the country.
As climate change brings more frequent and fierce storms, it will stress the country's infrastructure. Failure in one sector could have a domino effect
Photo Caption: Traffic at a standstill on Interstate 35 in Kileen, Texas, on Thursday. Joe Raedle/Getty Images
also see
A furniture store in Houston opened its doors as a refuge. Thousands came for help, and some sleep.
and
Community wood banks, like food banks, help people in need
by artappraiser on Sat, 02/20/2021 - 11:03pm
by artappraiser on Mon, 02/22/2021 - 1:17am
story filed 15 mins. ago:
by artappraiser on Mon, 02/22/2021 - 2:15am
Krugman:
by artappraiser on Mon, 02/22/2021 - 10:28pm
by artappraiser on Tue, 02/23/2021 - 12:30pm
by artappraiser on Thu, 02/25/2021 - 1:32am
by artappraiser on Thu, 02/25/2021 - 1:36am
He may be an ass, but many people come across horridly on video without some coaching. It's delusional to think that public figures/speakers should assume just talking naturally is good enough. We all know the famous Nixon 5-o'clock-shadow (bad lighting) example. I personally have an awful news/voice-over voice, and slide into monotone and sullen whatever my normal proclivities.
by PeraclesPlease on Thu, 02/25/2021 - 1:46am