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Re:Clearing price for supplying power to Texas grid –$31.65 by ceejayoz on Monday February 22, 2021 @07:59AM (#26223979)
That they are subject to some regulations doesn't mean they're subject to all.

https://www.nytimes.com/2021/02/21/us/texas-electricity-erco...

> One example of how Texas has gone it alone is its refusal to enforce a “reserve margin” of extra power available above expected demand, unlike all other power systems around North America. With no mandate, there is little incentive to invest in precautions for events, such as a Southern snowstorm, that are rare.

https://en.wikipedia.org/wiki/Deregulation_of_the_Texas_elec...

Re:Clearing price for supplying power to Texas grid –$31.65 by 0xBDB on Monday February 22, 2021 @12:58PM (#26227766)
This makes sense, though I'm still not sure I understand exactly how it works. Thanks!