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Texas power crisis revealed flaw in market's design

Published: February 8, 2022

New research finds decentralized electricity markets are prone to underinvestment in resilience to rare events like the severe winter storms that crippled the Texas grid a year ago.

Source: cornell.edu

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United StatesMichaelt CraigLynne KieslingChan ShuJoshuac MaceyJacob MaysBlake ShafferCollege Of EngineeringUniversity Of Chicago Law SchoolUniversity Of MichiganSchool Of CivilUniversity Of ColoradoUniversity Of CalgaryReliability Council Of TexasWinter Storm UriEnvironmental EngineeringSocial ResilienceLiberalized Electricity MarketsChicago Law SchoolElectric Reliability CouncilLoad Serving Entity Reliability Obligation