Senior decision-makers come together to connect around strategies and business trends affecting utilities.

Rakesh  Sharma's picture
Journalist Freelance Journalist

I am a New York-based freelance journalist interested in energy markets. I write about energy policy, trading markets, and energy management topics. You can see more of my writing...

  • Member since 2006
  • 1,019 items added with 703,725 views
  • Mar 5, 2021

The Texas electricity market fiasco has resulted in a blame game roulette. Here's another one to add to the mix. The author argues that skewed incentives and the natural gas market's opaque pricing systems are to blame for the shortfall in natural gas supply during the Texas blackouts. It is a valid argument but not a particularly novel one, especially when you consider that pricing for most fossil fuel sources (including oil) is set based on OTC and non-transparent trades that occurs between private actors. (I am not aware of the method to calculate renewable energy prices). This malaise is present not only in the energy industry but also in stock trading and much of the finance industry. In fact, I'd argue that even ERCOT's markets are not transparent since it is difficult to identify actors operating in the market at any given time and, therefore, their incentives.    


No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »