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Energy Prices Rising In Texas....Again


Energy Prices Rising In Texas....Again17-06-2021 02:49
James___
★★★★★
(4736)
This from Fox Business;

Texas is again facing a power squeeze as the Electric Reliability Council of Texas (ERCOT) asked residents this week to conserve as much power as possible until Friday.
The conservation request is sure to trigger flashbacks to February when millions were left without power in sub-freezing temperatures. Now, residents are asked to use their air conditioning sparingly with Texas in the midst of a summer heatwave.

As of Tuesday, over 12,000 megawatts of the state's roughly 86,000 megawatts of generation capacity were offline, or enough to power 2.4 million homes.

ERCOT officials said the outages were " very concerning" and unplanned, and warned that by Tuesday the demand for electricity could begin stressing its reserves.
https://www.foxbusiness.com/economy/energy-experts-texas-power-shortages



Capitalism is working GREAT in Texas. More sky high energy bills be be forthcoming as a means to encourage Texans not to use the air conditioning when it's hot outside.
And WOW!!! A whopping 14% of the states energy generating capacity is offline.
This means the price increase for each KwH will cost more than if that capacity were online and available.
Other states that are federally regulated do not have these issues. But Texans should pay for trusting capitalists who care more about their own wealth than they do about the people paying the bills.
Because of what happened during the winter with cold spell, some utilities went bankrupt to protect their customers. I mean really guys, twice in 6 months Texas utilities will be price gouging consumers.
p.s., Go Red means Go Republican or Go Russia! How can I tell the difference?
18-06-2021 16:18
James___
★★★★★
(4736)
At least those who control the power are able to make some money off of these mechanical issues that can't be found.


Texans have spent the week keeping cool by fanning themselves and finding shade after the power grid's operator, commonly known as ERCOT, asked that they conserve energy as temperatures rise and several power plants fail.

ERCOT officials haven't pinned down the cause of the mechanical issues that led to the breakdowns just four months after a massive power outage left millions of people in the state without heat or electricity.

But some energy experts warn that the recent failures unmask the vulnerability of the state's grid and that they may portend additional shutdowns should temperatures continue to climb this summer.

"It's not a total surprise that hot weather would strain the grid, only it usually happens in August. That's what we expect and plan for," said Michael Webber, a professor of energy resources at the University of Texas at Austin.

https://www.nbcnews.com/us-news
19-06-2021 03:18
HarveyH55Profile picture★★★★★
(3514)
Texas isn't going to be the only place with power issues. The grid wasn't designed for solar panels and windmills. Load balancing is a bitch, when you can only guess at you supply side. They really can't switch solar panels in and out of the grid. But, the automated system tries to make frequent adjustments. It''s that frequent switching in, and out, of the reliable coal/gas plants, that causes them to fail quicker. Obama's roof top solar panel subsidies, was more about sabotaging the electrical grid, which needed to be totally replaced. Generated electricity is either consumed, or lost. Makes no sense to run generators at full capacity, all the time, if few people are buying/using the electricity. Solar panel and windmill generation, is never constant, at the extremes, they cause issues, which either start up gas generators, or shut them down. And a brief moment later, the reverse condition, and a new cycle. Most mechanical things don't like to start and stop rapidly, and tend to break...
19-06-2021 03:28
duncan61
★★★★☆
(1235)
We are fortunate to have massive supplies of natural gas.A look at Western Australia
LNG values
Liquefied natural gas (LNG) is a significant industry for Western Australia, with production increasing substantially over several years. In 2016-17 sales volumes reached 28.7 billion tonnes generating sales of $12.7 billion. LNG accounts for 66 per cent of all Western Australian petroleum sales.

LNG is currently produced from four projects in Western Australia: the North West Shelf Joint Venture project, Woodside's Pluto project (first LNG in mid-2012), the Gorgon Gas project (first LNG in 2016), and the Wheatstone project, which shipped its first LNG in October of 2017. Western Australia is also home to Shell's Prelude Floating LNG Project.

Australia's LNG export volumes will be driven by increased production at Gorgon, as well as the completion of the remaining LNG projects under construction — Wheatstone, Ichthys and Prelude. These three projects will add around 21 million tonnes to Australia's LNG export capacity, bringing total nameplate capacity to around 88 million tonnes.
The Alarmists still claim its all bad
19-06-2021 05:04
James___
★★★★★
(4736)
duncan61 wrote:
We are fortunate to have massive supplies of natural gas.A look at Western Australia
LNG values
Liquefied natural gas (LNG) is a significant industry for Western Australia, with production increasing substantially over several years. In 2016-17 sales volumes reached 28.7 billion tonnes generating sales of $12.7 billion. LNG accounts for 66 per cent of all Western Australian petroleum sales.

LNG is currently produced from four projects in Western Australia: the North West Shelf Joint Venture project, Woodside's Pluto project (first LNG in mid-2012), the Gorgon Gas project (first LNG in 2016), and the Wheatstone project, which shipped its first LNG in October of 2017. Western Australia is also home to Shell's Prelude Floating LNG Project.

Australia's LNG export volumes will be driven by increased production at Gorgon, as well as the completion of the remaining LNG projects under construction — Wheatstone, Ichthys and Prelude. These three projects will add around 21 million tonnes to Australia's LNG export capacity, bringing total nameplate capacity to around 88 million tonnes.
The Alarmists still claim its all bad



OMG, please quit bragging about good you have it because you're an Aussie.
We're tired of hearing life is better down under. Can you please get a life?
Some of us live in America. Australia might be better but give us time. We're working at it, okay?
16-07-2021 01:46
James___
★★★★★
(4736)
With this article, it comes from Texas via Yahoo.com. It seems that some gas suppliers voluntarily turned off processing equipment to lower demand for gas. And this in turn created a shortage. Simply put, back when it got cold in Texas, those who controlled the gas reduced supply to drive up prices.
https://www.yahoo.com/news/natural-gas-companies-were-paid-215301846.html
16-07-2021 02:39
S@ve0ur3arth
☆☆☆☆☆
(19)
James___ wrote:
This from Fox Business;

Texas is again facing a power squeeze as the Electric Reliability Council of Texas (ERCOT) asked residents this week to conserve as much power as possible until Friday.
The conservation request is sure to trigger flashbacks to February when millions were left without power in sub-freezing temperatures. Now, residents are asked to use their air conditioning sparingly with Texas in the midst of a summer heatwave.

As of Tuesday, over 12,000 megawatts of the state's roughly 86,000 megawatts of generation capacity were offline, or enough to power 2.4 million homes.

ERCOT officials said the outages were " very concerning" and unplanned, and warned that by Tuesday the demand for electricity could begin stressing its reserves.
https://www.foxbusiness.com/economy/energy-experts-texas-power-shortages



Capitalism is working GREAT in Texas. More sky high energy bills be be forthcoming as a means to encourage Texans not to use the air conditioning when it's hot outside.
And WOW!!! A whopping 14% of the states energy generating capacity is offline.
This means the price increase for each KwH will cost more than if that capacity were online and available.
Other states that are federally regulated do not have these issues. But Texans should pay for trusting capitalists who care more about their own wealth than they do about the people paying the bills.
Because of what happened during the winter with cold spell, some utilities went bankrupt to protect their customers. I mean really guys, twice in 6 months Texas utilities will be price gouging consumers.
p.s., Go Red means Go Republican or Go Russia! How can I tell the difference?

Agree. However, I think that capitalism is not exactly the evil on earth. We should look for a mixed economy like most countries in Europe.
16-07-2021 02:53
duncan61
★★★★☆
(1235)
James___ wrote:
With this article, it comes from Texas via Yahoo.com. It seems that some gas suppliers voluntarily turned off processing equipment to lower demand for gas. And this in turn created a shortage. Simply put, back when it got cold in Texas, those who controlled the gas reduced supply to drive up prices.
https://www.yahoo.com/news/natural-gas-companies-were-paid-215301846.html


Your fully correctly elected president appears to be Morphing in to batman


duncan61
16-07-2021 19:15
James___
★★★★★
(4736)
duncan61 wrote:
James___ wrote:
With this article, it comes from Texas via Yahoo.com. It seems that some gas suppliers voluntarily turned off processing equipment to lower demand for gas. And this in turn created a shortage. Simply put, back when it got cold in Texas, those who controlled the gas reduced supply to drive up prices.
https://www.yahoo.com/news/natural-gas-companies-were-paid-215301846.html


Your fully correctly elected president appears to be Morphing in to batman



And just think, the federal government had nothing to do with decreasing natural gas availability during an epic cold spell. Just the people profiting from it.




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