Texas February 2021 Winter Storm and Mitigating Energy Risk

Texas February 2021 Winter Storm and Mitigating Energy Risk

During the recent winter storm disaster, more than 40 percent of Texas’ power generation went offline, causing rolling blackouts and a sustained real-time energy cost of $9 per kWh. The combination of four days of freezing weather and non-performing power generation assets highlighted major problems and risks in the Texas energy market. As developments continue…