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Wholesale power for delivery Sunday was trading at anywhere from $3,000 to $7,000 a megawatt-hour
They say deregulation and free enterprise is the ticket but some are really had in this storm! It's just not electricity it's natural gas too.
serf
It is a pretty brutal air mass,” said Bob Oravec, senior branch forecaster at the U.S. Weather Prediction Center.
“The cold air is entrenched across the middle part of the country. High temperatures are amazingly cold, some 50 degrees below average.”
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I have a good friend that works as a supervisor at a local power plant. They are contracted to deliver XXX Mega watts of power to the grid. If a unit goes down they can't deliver the contracted power. If the demand is light, it is not a big deal. When the demand is high, it is an entirely different matter.
If their wholesale customers have to go out to market to obtain the power contracted for his Company has to pay any cost difference in the Mega watt contract price and the open market price. That difference can be many millions of dollars.
So if a unit is down not only does the plant have zero income from it they are PAYING others for the shortfall. That is why a power plant will spend tens even hundreds of thousands on labor and parts to get a unit back on line. If the boiler shuts down it takes 10,000 gallons of diesel to reheat it for burning coal.
Yep the providers just pull the plug when they can't support/afford the load and blame it on the weather. Here in Texas it's the biggest screw up Since the Governor Perry issued an evacuation when a hurricane came in close to Houston and had a massive traffic jams all the way to Dallas.
The mayor said they shut down a nuclear plant,what a joke they never had a hard freeze before and never designed it for one! Idiots all around. Hell Houston floods all the time down here and civilization is failing here in The USA & we the people will lose faith with the elites very soon.. Houston soon to be a poor & abandon city and it will become a third world city state soon with illegals and permanent unemployed people. The Wuhan virus is here to stay and the Vaccine is a stop gap event.
The Federal politicians are soon going to move into guarded compounds just watch and U.S. troops are going to have a permanent contingent of armed Guards In Washington D.C.
serf
https://www.msn.com/en-us/weather/topstories/how-and-why-a-nuclear-reactor-shut-down-in-texas-cold-snap-when-energy-was-needed-most/ar-BB1dLDPt
But like other power plants in Texas of differing fuel types, the South Texas Nuclear Power Station was not built to protect against very cold weather.