Institute for Energy Research: Texas Plunges Into Electricity Crisis
February 17, 2021
February 17, 2021
WASHINGTON, Feb. 17 -- The Institute for Energy Research issued the following statement:
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In Texas, a cold snap resulted in wholesale electricity market prices at all-time highs in the $1000s of dollars per megawatt hour over Presidents' Day weekend. That compares to prices that on average are in the low $30s. Texas generally expects price spikes to happen on hot summer afternoons, driven by air-conditioning, and to be brief, lasting minutes or hours, in isolated l . . .
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In Texas, a cold snap resulted in wholesale electricity market prices at all-time highs in the $1000s of dollars per megawatt hour over Presidents' Day weekend. That compares to prices that on average are in the low $30s. Texas generally expects price spikes to happen on hot summer afternoons, driven by air-conditioning, and to be brief, lasting minutes or hours, in isolated l . . .