Re:What went wrong with the Texas power grid?
by oivey on Tuesday February 16, 2021 @07:58PM
(#26161199)
They aren’t that expensive, seeing as probably most states can operate their power grid at reasonable cost at these temperatures. They definitely aren’t expensive compared to the economic damage of an event like this every 15 years.
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Re:What went wrong with the Texas power grid?
by danans on Tuesday February 16, 2021 @11:51PM
(#26162838)
"Expensive" is all relative. If it costs say ... 2% of the utility shareholder dividend, would shareholders be ok with that?
Before this happened, what exactly were the incentives that led them not to prepare? Was it really an unforeseeable event? Was the risk understood but downplayed (like the oil industry with climate change)? The answers to these will hopefully come out in time.