The international climate change bandwagon has yet to offer a plan for battling emissions anywhere close to as good as the U.S.’s strategy of unleashing market forces to control emissions and investing in clean-energy technologies, with a focus on long-term emissions control, as opposed to unrealistic short-term strategies. If the goal is to curb emissions over the long-term, then countries should follow the example of the U.S. in letting competition and the free market lead the way to success.
Tight Grid Conditions in April and May Highlight the Risk of Soaring Electric Bills for Texans
The Electric Reliability Council of Texas (ERCOT) region will likely see real-time market prices approach the regulatory cap of $5,000/MWh on Wednesday, not long after price spikes on April 28 and April 16. The fact that the market is showing signs of scarcity in the spring, long before the heat of this summer or the...