Capitalism works well when there's real competition, not so well when there's not. In the case of Texas, renewables like wind & solar get subsidies from both the state & federal government that other plants do not. On top of that, renewables are not required to pay for sufficient batteries, nor back up power plants needed to cover when the wind doesn't blow or the sun doesn't shine -- or freezing rain & snow. Thus, unsubsidized & unfavored nuclear or fossil fuel plants cannot compete and are closing down.

The disaster is not in the least surprising, as intermittent sources of energy have always ended being costly & destabilizing to the grid when they become a large factor. True in Europe, California, and now Texas.

Thus ends my comments on the subject.


7ac 2015 CNBG RES FHM 2016 TP FLMB 2017 NLMB GSH L 2018 TP & 70 HSB PK 2019 TP RBT 2020 TFS TP 25 HSB 250 F1,L,RBT -206 2021 TFS TP GSH L,-312 2022 GSH TP CR TFS RBT -234, 2023 BG TP TFS NLMB, -160