The main problem with the Texas grid is really very simple.
Their "free market" real time power auction makes no allowances for long term concerns like reliability. Any provider who spends money to address these sort of issues is immediately priced out of the market.
Some things are too important to leave to the "free market".
Their "free market" real time power auction makes no allowances for long term concerns like reliability. Any provider who spends money to address these sort of issues is immediately priced out of the market.
Some things are too important to leave to the "free market".