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  • culpritus [any]
    ·
    4 years ago

    Polar Vortex did a short squeeze on Texas oil and gas sector, which forced them to either take a loss to continue generating electricity or just shutdown. 76% of generating losses where due to NG power plants.

    • spectre [he/him]
      ·
      4 years ago

      do you know of an article with good info about this?

      • culpritus [any]
        ·
        edit-2
        4 years ago

        pretty basic overview of how it works sorry for DK lib link

        https://www.dailykos.com/stories/2021/2/16/2016337/-Messing-with-Texas-The-Lone-Star-state-s-power-grid-is-working-exactly-as-designed

        oh and here is the info on the NG plant issues - don't think anyone wants to admit to the profit over people decisions just yet though

        https://www.naturalgasintel.com/historic-cold-snap-drives-record-natural-gas-demand-prices-as-freeze-cuts-supply/