Cornell: Texas Power Crisis Revealed Flaw in Market's Design
February 09, 2022
February 09, 2022
ITHACA, New York, Feb. 9 (TNSJou) -- Cornell University issued the following news:
By James Dean
One year after winter storms crippled Texas' electricity grid, contributing to more than 200 deaths, a Cornell-led analysis recommends contracting improvements to reduce decentralized energy markets' vulnerability to rare events.
Such "energy-only" markets rely on investors to anticipate demand for all conditions and build appropriate resilie . . .
By James Dean
One year after winter storms crippled Texas' electricity grid, contributing to more than 200 deaths, a Cornell-led analysis recommends contracting improvements to reduce decentralized energy markets' vulnerability to rare events.
Such "energy-only" markets rely on investors to anticipate demand for all conditions and build appropriate resilie . . .