Whoops - energy reliability

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The problems in Texas would have been moot if President Trump's administration had their way.
From Eric Worall:

The Trump Energy Resilience Plan which Could have Saved Texas
Has Trump derangement syndrome cost Texan lives? Back in 2017, Secretary of Energy Rick Perry proposed paying Coal and Nuclear Power Stations to keep at least 90 days worth of coal fuel onsite, for disaster resilience.

At the time the resilience proposal was widely criticised as being a thinly disguised Trump scheme to pump government money into the coal and nuclear industries. But in hindsight, a bit more resilience might have saved Texas from days of painful electricity blackouts.

Keeping several months of fuel is costly - Perry's plan was to eliminate that cost via Federal Subsidy. The goal was grid reliability and not money.

Keeping several months worth of fuel onsite is a cost which does not contribute to company profits. The cost of all that reserve fuel represents money which could instead have been used to pay down capital debts, or pay out dividends to shareholders. Power companies which choose to wear this kind of expense are at a competitive disadvantage compared to power companies which run leaner operations, by running their reserves down to the bare minimum. The expense of keeping fuel in reserve impacts market share and company growth; consumers frequently flock to the lowest price energy service, without considering the long term consequences.

Rick Perry’s plan would have eliminated the financial penalty for keeping a fuel reserve onsite, by compensating power companies for the cost of maintaining substantial fuel reserves.

More at the site.  alt.energy is not reliable. Fun stuff to play around with but...

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This page contains a single entry by DaveH published on February 21, 2021 8:14 AM.

But it's OK when Bill does it... was the previous entry in this blog.

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