Just a week after Texas voters approved billions of dollars to build new gas-fired power plants, the state’s education board will decide if it wants schools using science textbooks that acknowledge that burning fossil fuels warms the planet. The Texas Board of Education could vote as early as next Tuesday on whether it will recommend […]
Oh yeah how’s that independent power grid working out?
Ironically enough, its been a huge boon for renewable energy providers. ERCOT auction rates effectively subsidize green producers at fossil fuel prices, so when the gas cartels squeeze the price up to $5000 MwH, all the wind and solar providers (which can flood the grid with energy to the point that they risk operating at a loss) pick up a massive ahem windfall on those last few MwHs sold.
Because building these facilities is so cheap and running them is basically free, the Texas Gulf Coast and the Midland area have been filling up with enormous green energy facilities to capitalize on these fossil-fuel cartel induced price spikes.
Ironically enough, its been a huge boon for renewable energy providers. ERCOT auction rates effectively subsidize green producers at fossil fuel prices, so when the gas cartels squeeze the price up to $5000 MwH, all the wind and solar providers (which can flood the grid with energy to the point that they risk operating at a loss) pick up a massive ahem windfall on those last few MwHs sold.
Because building these facilities is so cheap and running them is basically free, the Texas Gulf Coast and the Midland area have been filling up with enormous green energy facilities to capitalize on these fossil-fuel cartel induced price spikes.