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Electricity

What Texas Never Learned From the California Energy Crisis

Darren Bush
The parallels between today's Texas energy market and California's energy market in the early 2000s are striking. Texas should learn from California's bitter experience...

The Texas Power Failure: How One Market Model Discovered Its Natural Limits

Eve Vogel
Relying on marginal market prices to provide the incentives for the production and delivery of electricity means that all of the biophysical things enrolled...

The Texas Blackouts and the Problems of Electricity Market Design

Georg Rilinger
Even in an ideal electricity market, reliability is an elusive and precarious byproduct of companies’ search for profits. Since market designers are rarely in...

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