Texas Rolling Blackouts Are Due To Economics, Not Renewables

By Richard Brooks Scarcity pricing is an economists dream and a Grid Operators nightmare. Texas is now living through the nightmare of scarcity pricing.I’ve learned there is more art than science in the economists tool box. The science shines through economic theory, piercing the veil of a “rosy picture”, to reveal the real risks when things go bad. I’ve written about the need to ensure a..

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