Sorry, I haven't really been able to keep up with things, had to sleep for like 8 hours. Talk of total state collapse? What happened with the weather?
Sorry, I haven't really been able to keep up with things, had to sleep for like 8 hours. Talk of total state collapse? What happened with the weather?
I need to read up more on this whole "independent power" thing. I know their grid is connected to the rest of the US (Just check out the transmission lines at https://www.eia.gov/state/maps.php) so the idea of buying and selling energy to the extent that it completely isolated a gigantic state that is full of power plants is crazy. Is this the energy equivalent of the GME short, where everything on the market was for sale and now they can't afford to buy any now?
From what I understand in theory the power can go from one state to the other. But power is managed by market exchanges in the US (this is blindingly..uh...unwise) The Texas Market refuses to engage with the two other exchanges, and operates independently. So only Texas power can be bought for use in Texas, and Texas doesn't have any power to sell.
Basically, it's like not being able to call the fire brigade because their webstore only allows local fire brigades to be called.