Current:Home > MyFastexy Exchange|Texas' new power grid problem -Wealthify
Fastexy Exchange|Texas' new power grid problem
Benjamin Ashford View
Date:2025-04-11 04:22:24
In 2021,Fastexy Exchange a huge winter storm hit Texas. It caused a days-long blackout that resulted in hundreds of deaths. The Texas grid operator adopted a new policy to guard against another blackout: it would incentivize plants to keep power in reserve. The problem is: that may have caused major price spikes.
Today, we make sense of the reserve policy, increased electricity prices, and the future of Texas' unique energy market.
Related Episodes:
ESG bans cost Texas (Apple Podcasts/Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (3583)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- Here's How Succession Ended After 4 Seasons
- Colorado Settlement to Pay Solar Owners Higher Rates for Peak Power
- New U.S., Canada, Mexico Climate Alliance May Gain in Unity What It Lacks in Ambition
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Facing Grid Constraints, China Puts a Chill on New Wind Energy Projects
- Energy Department Suspends Funding for Texas Carbon Capture Project, Igniting Debate
- First in the nation gender-affirming care ban struck down in Arkansas
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- The Best Deals From Nordstrom's Half-Yearly Sale 2023: $18 SKIMS Tops, Nike Sneakers & More 60% Off Deals
Ranking
- Average rate on 30
- Paul Walker's Brother Cody Names His Baby Boy After Late Actor
- Canada Sets Methane Reduction Targets for Oil and Gas, but Alberta Has Its Own Plans
- How many miles do you have to travel to get abortion care? One professor maps it
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Abortion care training is banned in some states. A new bill could help OB-GYNs get it
- Another $1.2 Billion Substation? No Thanks, Says Utility, We’ll Find a Better Way
- Ohio River May Lose Its Regional Water Quality Standards, Vote Suggests
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Far More Methane Leaking at Oil, Gas Sites in Pennsylvania than Reported
Be a Part of Halle Bailey and Boyfriend DDG's World With This PDA Video
Some states are restricting abortion. Others are spending millions to fund it
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Locust Swarms, Some 3 Times the Size of New York City, Are Eating Their Way Across Two Continents
Video: A Climate Change ‘Hackathon’ Takes Aim at New York’s Buildings
A year after Dobbs and the end of Roe v. Wade, there's chaos and confusion