Perspectives on the Texas Power Crunch
Power & Renewables
The Texas power crisis was a wake-up call for the industry. How did a system wide failure paralyze the capital of global energy? What were the flaws in grid infrastructure that left millions of Texans vulnerable to extreme weather? And where did investment fall short, leading to weakness in the system? These are fundamental questions around energy security and the subject of fierce debate. Policymakers, business leaders, and investors have an opportunity to design a resilient response. How can greater reliability and resilience be built into power systems that guard against extreme conditions and advance low-carbon goals? How should power markets be designed to incentivize investment while managing costs for consumers?