Let’s Mess With Texas’ Power Market — And Make It Stronger

As the Texas legislature barrels ahead with remedies for preventing deadly blackouts like those that swept the state in February, we still can’t pinpoint the exact points of failure on the Texas power grid and natural gas system. New revelations by ERCOT suggest that early assessments were incorrect. As the facts continue to emerge, we suggest a few market design remedies to improve weatherization incentives. Continue Reading

For energy security, power is the new oil

Today, electricity is the new oil when it comes to energy security. The immediacy of power outages and the ubiquity of critical elements of modern life powered by electricity mean the impact of oil supply disruptions are a walk in the park compared with our power vulnerabilities. Moreover, our dependence on electricity and our vulnerability to disruptions are rising.  It is critical that we recognize that our national security – and a successful climate policy – both depend on building a more a robust and resilient power system.   Continue Reading