- Feb 25, 2021 1:58 pm GMT
The Texas Grid was less than 5 minutes from a potentially catastrophic collapse with a frequency below 59.4 for almost 4.5 minutes. There are some really ugly graphs in the linked presentation below, presented by ERCOT Senior Management to the BOD on 2/24/2021. This is further evidence that Scarcity pricing is an economists dream and a grid operators nightmare! And now some regulators are realizing it's their nightmare too.
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