The split between retail and wholesale puts the retail arms at the mercy of wholesale. This went all the way up the line to gas providers, who just decided to declare force majeure and closed up shop. Vistra tried desperately to keep the power on, and wound up losing over $1 billion for their troubles.
Texas has a great system under normal conditions that has incentivized a ton of solar and Panhandle wind, but it is not built for severe conditions.
Texas has a great system under normal conditions that has incentivized a ton of solar and Panhandle wind, but it is not built for severe conditions.