Clearing price for supplying power to Texas grid –$31.65

Re:Clearing price for supplying power to Texas grid –$31.65 by imtringued on Sunday February 21, 2021 @05:02AM (#26212248)

This is a fringe event. Large scale grid storage is at least 10 years away. It's not a market failure. The irony is that all the complaints about grid storage will disappear once we have it because running a grid without grid storage will be considered insanity by that point.

The technology isn't there. The real solution would have been to cut demand to non essential uses.

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Re:Clearing price for supplying power to Texas grid –$31.65 by Xylakant on Sunday February 21, 2021 @05:27AM (#26212366)

I don’t see how that is a technology problem. The technology to run power grids that are resilient to cold temperatures exists, otherwise Canada, Alaska or any northern country wouldn’t have power. It’s just expensive and any player investing into cold-proofing their grid would have been priced out of the market in Texas long ago.

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