Something is funky with our comment function. They are showing up at the WP site, just not showing here today. Though, sometimes you might see them, then not. So, leave a comment. We’ll get it happening.
By now, you are aware that the problem Texas is having is because they failed to build their system to withstand cold/winter weather. That is the mechanical reason for their problem. Of course, this leads many to assume that as soon as it warms up, the power will be back on and life is good again.
Unfortunately, that does not account for all the water damage that has happened and will happen as broken plumbing thaws. It won’t just be people’s homes. I’m confident there will be news about failures within the municipal systems and of course, failures with the plumbing in the power plants including those that pump the natural gas and cool the nuclear generators. Rebuilding will take months or more.
However, the issue of failure to build the system for the environment is not the real tragedy here. The true horror is the economic model sold to the citizens. Free Market. Yup, that all powerful, God like, invisible hand. Oh…and FREEDOM! Because when you read ex-governor Perry’s statement about Texans being willing to suck it up for 3 more days, you can only assume this system was built for the great Texas secession. Sacrifice for your FREEDOM! Endure that cold! Any day now, it’s going to happen.
It seems that in truth, the electric system is functioning exactly as it was designed to function. High demand. Low supply. High prices to discourage demand. What’s your problem?
I give you: William W. Hogan. Harvard professor of global energy policy at the Kennedy School. “…the architect of the strategy that was adopted by the state seven years ago.”
“…acknowledged that while many Texans have struggled this week without heat and electricity, the state’s energy market has functioned as it was designed.
That design relies on basic economics: When electricity demand increases, so too does the price for power. The higher prices force consumers to reduce energy use to prevent cascading failures of power plants that could leave the entire state in the dark, while encouraging power plants to generate more electricity.
“It’s not convenient,” Professor Hogan said. “It’s not nice. It’s necessary.”