Energy Disruption Leads to Dramatical Price Increases
- Apr 11, 2022 11:58 am GMT
2021 was not a banner year for transmission professionals. Severe weather events, such as a major winter storm in Texas, caused major disruptions in energy distribution, according to the US Energy Information Administration. The constraints on electric supply sparked price spikes in the wholesale market in Texas and throughout the United States, As a result, rates increased 4.3% from 2020 to 13.72 cents per kilowatthour (kWh), the biggest jump since 2008. Because of the problems, suppliers took steps, such as adding more intelligence and resiliency to the grid, Ideally, those steps will address such problems more effectrively if they occur in the future.
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