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re: Reasons why Texas power grid failed:

Posted on 2/16/21 at 9:09 pm to
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68865 posts
Posted on 2/16/21 at 9:09 pm to
quote:

Bottom line, private companies do not like to carry spare capacity just in case you need it as that is expensive and financial decisions based on this led to a shortfall.


they won't build it if they won't get paid

how many people do you know that work for free?
Posted by cwill
Member since Jan 2005
54754 posts
Posted on 2/16/21 at 9:15 pm to
quote:

they won't build it if they won't get paid

how many people do you know that work for free?



I think the quote is him answering your question before you asked it. That’s the point sane people are trying to make - no one was going to make the uneconomic decision to prepare for this extremely rare event.
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