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Texas Power Crisis led to over $1 billion loss for Vistra The company will likely suffer a one-time hit of $900 million - $1.3 billion from the storm. PUBLISHED BY The winter storm that has devastated Texas, leading to power outages, water shortage, and heating troubles, will affect the electricity bills of consumers and suppliers both. Vistra, the largest independent power producer in the US, has estimated that it will suffer losses worth $1.3 billion for purchasing power from the state’s power market to replace the loss of generation capacity due to the ongoing Texas Power Crisis. The...

Inside Clean Energy: The Right and Wrong Lessons from the Texas Crisis The state experienced an “all-of-the-above” failure, and previewed a future of winter peaks in energy demand. The Ted Cruz scandal was also instructive. February 25, 2021 Workers repair a power line in Austin, Texas, U.S., on Thursday, Feb. 18, 2021. Credit: Thomas Ryan Allison/Bloomberg via Getty Images Related Share this article Now that the power is back on in Texas, we are entering a phase with investigations of all the systems that failed. But some of the biggest lessons are already apparent. Here are some of the ...

23 February 2021 If you’ve followed the clean energy debate for some time (and you’re on this website, so it’s likely) you’ll know of a familiar gambit to critique wind and solar – creating an impossible failure and always claiming that it’s failing. The blackout in Texas has caused a resurgence of many of these old ideas, and it’s worth exploring them, because they highlight exactly what role wind power will play in increasingly stressed world grids. First came a claim that Texas’ relatively large fleet of wind power had frozen. There is still little clarity on this. ERCOT cl...

Looking for Fixes to What Broke the Texas Power Grid Winterizing power plants and pipelines will be key, whether through regulation or market incentives. Adding more interregional transmission could also help — if Texas is willing. 9 February 22, 2021 After a week of the country’s worst power grid collapse in decades — an event that's taken a dreadful toll in dozens of lives lost and billions of dollars in economic damage — the lights are back on in Texas. But even as the freezing temperatures that caused the crisis have waned, the political stances over who should be blamed ha...

The state simultaneously has the highest-emissions grid in the country and leads the nation in wind power