ERCOT Texas Update -- Late Afternoon -- Tuesday, A Work Day -- June 20, 2023

Locator: 44985ENERGY.
Locator: 44985COSTRENEWABLES.
Locator: 44985ELECTRICITY.

Update

Later, 5:42 p.m. CT: just show consumers the cost of electricity and they will cut back.

 Original Post

Link here.

Wind, Solar "Saved" Texas Yesterday But At What Cost! Today Will Be Closer And Way More Expensive -- June 20, 2023

Locator: 44978ERCOT.

Yesterday: the grid held. Folks already forget that yesterday was a holiday. Today, no holiday and it's going to be worse.

Today: 

• it's going to be much closer and it's going to be four times as expensive --
• yesterday, at peak: rates of $500 / MW forecast
• today, at peak, rates of $2,500 / MW forecast 
• Texans voting for "free energy" -- wind and solar -- truly duped

 

 

Pet peeve, and almost criminal, certainly poor, if not unethical journalism:

• local weather forecasters crowing that the grid held, but failing to show "us" the cost for that "miracle," and one completely dependent on wind and sun.

The Renewable Energy Scam -- June 19, 2023

Locator: 44977SCAM.  

Profile: EIA energy by state, North Dakota, link here.

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101 Days Of Summer -- Day 23

ERCOT: it's gonna be close. Not enough wind / sun late this afternoon. Link here.

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As long as solar and wind developers show Texas politicos that capacity exceeds demand, developers will be able to keep adding more solar / wind, and closing conventional (fossil fuel) sources.

In the graph above, the folks investing in renewable energy want the 1300 - 1900 energy price spike to incrementally expand to the left and to the right.

It's all about two things:

• fund all infrastructure on back of conventional/historical pricing models;
• "area under the curve"

We talked about this on the blog years ago. I first noted it while sitting in on a Harvard Business School talk on renewable energy -- about ten years ago. The scam was obvious then for those who understood graphs. LOL.

At the time, I questioned whether we would see publicly-provided graphics to demonstrate the scam.