• 3 minutes Cyberattack Forces Shutdown Of Largest Gasoline Pipeline In United States - Zero Hedge
  • 7 minutes The Painful Death of Coal
  • 11 minutes Forecasts for Natural Gas
  • 4 hours 1 in 5 electric vehicle owners in California switched back to gas because charging their cars is a hassle, new research shows
  • 5 mins U.S. Presidential Elections Status - Electoral Votes
  • 17 hours .
  • 1 day Сryptocurrency predictions
  • 22 hours *****5 STAR Article by Irina Slav - "The Ugly Truth About Renewable Power"
  • 8 mins Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 3 hours CRAPPIFORNIA DOES IT AGAIN! California proposes to steer new homes from gas appliances
  • 22 hours Joe Biden's Presidency
  • 12 hours How US Capitalism Uses Nationalism
  • 4 days European gas market to 2040 according to Platts Analitics
The Nuclear Option For Hydrogen

The Nuclear Option For Hydrogen

Hydrogen is hot in 2021,…

Why Californians Have Sky-High Electricity Bills

Why Californians Have Sky-High Electricity Bills

California is known to have…

Another Round Of Power Shortages Grips Texas

Another bout of power supply shortages hit Texas this week amid power plant maintenance season, prompting the Electric Reliability Council of Texas to call on Texans to conserve energy.

However, unlike during the February Freeze, this time, the shortage was a lot more temporary, with things returning to normal within a day, the Houston Chronicle reports.

Power supplies tightened on Tuesday afternoon, the daily reports, causing electricity prices on the wholesale market to reach up to $2,000 per megawatt-hour. That was up from about $25 per kWh earlier in the day. By the evening, however, supply had ramped up.

Unfortunately, there is a chance for a repeat of yesterday's power supply situation, at least according to ERCOT's vice president in charge of grid planning and operations.

"These (power plants) are big complicated machines," Woody Rickerson said, as quoted by the Chronicle. "They require maintenance. You can't run them continuously. There may be days like today where (power) margins are tighter than we like," the ERCOT official added. "We could be in the same situation in the next few weeks."

Massive power plant outages were among the worst effects of the February Freeze, which left millions of Texans without light and power, and saddled some with huge bills. The Freeze—and the outages—also led to a slew of lawsuits as utilities and gas distributors pointed fingers at each other as the culprits behind the crisis.

Related: Big Oil Is Dead Set On Exploiting The Wind Power Boom

Warren Buffet, meanwhile, offered to build 10 GW in new gas-fired generation capacity to boost Texas' energy security.

"We really want to make sure that this never happens again. So we're really wanting to partner with the state," Chris Brown, CEO of Berkshire Hathaway Energy Infrastructure Group, told Bloomberg in an interview last month. "The proposal is simple: state residents should have a reliable source of backup power."

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News