Search Results for: "Enron, wind power"
Relevance | DateElectricity Planning: Physical vs. Economic (an exchange with Eric Schubert)
By Robert Bradley Jr. -- March 25, 2021 1 Comment“The physical operation of the grid can be separated from the economic decisions of what power is generated, transmitted, and sold at wholesale or retail in terms of quantity, cost, and price.”
“Mistakes by ERCOT or the PUCT or Texas legislature make my point–this is a planning failure, not a market failure. Not physics but economics. A historian is weighing evidence about this either being a market or government failure. It is a government failure writ large.” (Bradley, below)
Electricity is different. Power flows must the centrally managed. Ergo, regulators and politicians must manage the grid.
WRONG. The physical operation of the grid can be separated from the economic decisions of what power is generated, transmitted, and sold at wholesale or retail in terms of quantity, cost, and price. Companies themselves, vertically and horizontally integrated, what might be called electricity majors, is the opportunity cost of the present regulatory regime.…
Continue ReadingNumbers and the Great Texas Blackout
By Bill Peacock -- March 4, 2021 4 Comments“One wonders what might have happened if over the last 20 years or so investors and generators had not been chasing the $21 billion worth of subsidies and benefits they received by building renewable generation in Texas.”
“With economics being about the unseen, not only the seen, it is fair to imagine a more robust, resilient power sector without the grand distraction of integrating intermittent renewables and otherwise ‘decarbonizing.'”
Much debate has ensued since Texas’s rolling blackouts last month in the face of an historic winter storm.
Poor winterization, lack of integration with the national grid, bureaucrats, deregulation, Enron (Ken Lay), and frozen natural gas pipelines have been targeted by politicians and media pundits.
However, the mainstream does not discuss the central player, renewable energies, except to say wind and solar were not the cause.…
Continue ReadingPresident’s Day: Best and Worst, Energy-wise
By Robert Bradley Jr. -- February 15, 2021 2 Comments“There are far too few heroes and far too many failures in the history of presidential energy politics.”
Who can claim to be a true energy President from a pro-consumer, pro-taxpayer, pro-free-market perspective?
Which U.S. heads qualify for an anti-energy label for violating economics 101–and endangering the health and welfare of all of us who rely on the MasterResource?
Of the 30 or so candidates in the Lincoln-to-Biden era (the first commercial oil well dates from 1859), just a few names compete for the best, while many more vie for the worst.
Two Best: Trump and Reagan
The best two from a classical liberal perspective are Donald Trump and Ronald Reagan. A third candidate just does not come to mind, certainly in the modern energy era.…
Continue ReadingYesterday’s Eco-complaints; Today’s ‘Planet of the Humans’
By Robert Bradley Jr. -- December 15, 2020 No Comments“The people who build wind farms are not environmentalists. . . . Business is a delicate balancing act, and chief executives are always walking a tightrope between the needs of the community, their employees, and the marketplace.” [Paul Gipe, Wind Energy Comes of Age (1995), p. 454.]
“Planet of the Humans‘ expose is long overdue.” [below]
Big Green, Inc. has been challenged by Michael Moore and Jeff Gibbs’s “Planet of the Humans.” Importantly, the multi-million-view documentary brought together the inconvenient truths of (politically correct) renewable energies, as well as batteries for electric vehicles.
In a recent post for the Institute for Energy Research (IER), “Long-standing Eco-warnings Against Renewables Reinforce ‘Planet of the Humans’,” I documented how many mainstream eco-authors forthrightly talked about these problems. I noted:
… Continue ReadingMoore/Gibbs memorialized what had long been recognized by the environmental intelligentsia.