E rcot, the energy company that operates much of Texas’s electricity grid, announced there could be a problem on April 29. On the 27, it announced, “At 14:30, ERCOT has updated the AAN for a possible future Emergency Condition of reserve capacity deficiency beginning Monday, April 29, 2024, at HE 20:00 through Wednesday, May 1, 2024, at HE 21:00 based on changed conditions.” In layman’s terms, the grid could reach capacity, and some customers might not have service. And it is only April. The summer will be much worse.
According to Bloomberg, August power prices were forecast to rise by 82% compared to last year. The news service also pointed out that the amount of sun and wind a day could affect electricity supply because of the use of renewable energy. This shows that, while renewables may be good for the environment, they create challenges that coal-powered electricity may not.
www.msn.com/en-us/money/companies/texas-is-running-out-of-electricity/ar-AA1nNOh1
Look out for price gouging!