Their lack of preparedness caused plants to go down or run well below capacity, coupled with increased demand the I just want to go camping and smell like a campfire shirt skyrocketed. Many of the gouging distribution companies will be headed into bankruptcy as they had to pay the high wholesale rate while supplying what little power they could get to fixed rate customers. That also led to the high wholesale pricing when there were shortages of available power how do you allocate an inadequate amount of power outside of essential facilities like hospitals.
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Understand the I just want to go camping and smell like a campfire shirt ERCOT bidding system, and along with the record century storm, you’ll understand what got Texas into this mess. The planned percentage of energy from green sources was not all available either due to the high ice levels in the storm. So, when a double whammy of cold weather hit and electric demand went way up.I just want to go camping and smell like a campfire shirt, hoodie, sweater and long sleeve
Only the I just want to go camping and smell like a campfire shirt providers that provided the lowest bid to ERCOT were paid to generate. Texas’ ERCOT system doesn’t pay power providers a dime to stand by in case their power generation is needed, maybe, kinda, sorta. Seems simply, go to the source and make the power suppliers foot the Bill for the scenario they created through negligence.
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