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Arctic Blast Recovery to Command Market Attention

What caused the deadly power outages in Texas and how Canada s grid compares

What caused the deadly power outages in Texas and how Canada s grid compares

What caused the deadly power outages in Texas and how Canada s grid compares
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Texas Outages Headline Unusual Week in Markets

The Texas grid got crushed because its operators didn t see the need to prepare for cold weather

The Texas grid got crushed because its operators didn’t see the need to prepare for cold weather Will Englund Replay Video UP NEXT When it gets really cold, it can be hard to produce electricity, as customers in Texas and neighboring states are finding out. But it’s not impossible. Operators in Alaska, Canada, Maine, Norway and Siberia do it all the time. What has sent Texas reeling is not an engineering problem, nor is it the frozen wind turbines blamed by prominent Republicans. It is a financial structure for power generation that offers no incentives to power plant operators to prepare for winter. In the name of deregulation and free markets, critics say, Texas has created an electric grid that puts an emphasis on cheap prices over reliable service.

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