This episode is all about the Texas energy crisis in early 2021. Here are the takes on the episode from our three hosts: James - This is not a market design problem, but a system design problem. CA does IRP, NE does capacity markets, ERCOT does energy only. All of them saw major failures (CA—both supply and distribution, NE—distribution, ERCOT—Supply) in a 6 month time period. We must value resilience instead of efficiency.
#11 The Texas Resilience Gamble
#11 The Texas Resilience Gamble
#11 The Texas Resilience Gamble
This episode is all about the Texas energy crisis in early 2021. Here are the takes on the episode from our three hosts: James - This is not a market design problem, but a system design problem. CA does IRP, NE does capacity markets, ERCOT does energy only. All of them saw major failures (CA—both supply and distribution, NE—distribution, ERCOT—Supply) in a 6 month time period. We must value resilience instead of efficiency.