Underlying it all is an unregulated market with no cap on the price. So a huge spike in demand means the price is infinite. No one is going to pay that. So the power generators get shut off because no one is buying the electricity they produce at the prevailing market price. All very predictable. A black swan event. This is why there are trading limits in the stock market. Otherwise everything becomes very illiquid very quickly.
On Wed, Feb 17, 2021, 2:57 PM OK Don via Mercedes <mercedes@okiebenz.com> wrote: > Yes, it's all very fishy from what they're telling us - smacks of gross > incompetence. We had a single incidence of a "rolling blackout" due to the > system not being able to meet demand - over a 14 state area. I lasted about > an hour and 15 minutes. > > On Wed, Feb 17, 2021 at 4:50 PM Floyd Thursby via Mercedes < > mercedes@okiebenz.com> wrote: > > > So the reporting now is that pipes moving gas have frozen up, meters and > > sensors and such have frozen up, and all that mitigates against > > producing electrons at nukes and fossil PPs. None of that makes sense to > > me. I can see where not having interconnections (which was the issue > > like 10yr ago when the wind died on NYDay and all the wind machines in > > West Texas shut down in a few minutes) limit pulling in power but I > > don't get how cold weather (and not "winterizing") cuts down on base > > load and peaking plants not working. Makes no sense to me. > > > > Wind at 20% is quite a bit, esp on really cold days when the demand is > > as high as in hot days in the summer. I don't know if there was a > > problem spinning up plants, or lack of fuel supply, or what, but the > > cold being a factor in delivering fuel or operating fossil or nuke > > plants is kinda strange. > > > > --FT > > > > -- > OK Don > > "Whenever you find yourself on the side of the majority, it is time to > pause and reflect." Mark Twain > > “Basic research is what I’m doing when I don’t know what I am doing.” > Wernher > Von Braun > 2013 F150, 18 mpg > 2017 Subaru Legacy, 30 mpg > 1957 C182A, 12 mpg - but at 150 mph! > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
