I still don't understand. I know China is just fucking with us. I understand that part but what was the reason that biden gave to allow China access anyway? What legitimate business does a foreign country have in our power grid? It's like saying the US should have access to Russia's power grid. Makes no sense talking in strictly legitimate purpose.
One could be cost. See if you replace a bunch of peak demand with alternatives there is less of an appetite for fossil fuels, meaning less investment in infrastructure, bigger supply constraints during unplanned events. Natural gas plants maybe exposed to spot gas prices during this time. Check out this article:
https://www.dallasnews.com/business/energy/2021/02/16/electricity-retailer-griddys-unusual-plea-to-texas-customers-leave-now-before-you-get-a-big-bill/
If you agree to supply electricity (annual contracts) to households at a fixed price and the cost to produce goes up 100x, are you going to crank the turbines to max? It is probably going to bankrupt some producers.
Another problem is that electricity prices can't vary enough because consumers wouldn't be able to adjust consumption accordingly for lack of knowing what the current prices are. So electric pricing is regulated. So fuel price spikes lead to electric power shortages as plants offline to avoid losing money.
I agree with your premise.
However, the argument at hand is that Texas has more than enough fossil fuel and nuclear plants to do just that, but they are not.
All of the current msm articles are now blaming "grid rolling issues".
Meaning it is likely a software issue .
Which China now has access to, thanks to Biden. Just like Dominion...which is both a voting software and an energy firm.
I still don't understand. I know China is just fucking with us. I understand that part but what was the reason that biden gave to allow China access anyway? What legitimate business does a foreign country have in our power grid? It's like saying the US should have access to Russia's power grid. Makes no sense talking in strictly legitimate purpose.
Yes it should be illegal. No foreign country should have anything to do with critical infrastructure in our country.
One could be cost. See if you replace a bunch of peak demand with alternatives there is less of an appetite for fossil fuels, meaning less investment in infrastructure, bigger supply constraints during unplanned events. Natural gas plants maybe exposed to spot gas prices during this time. Check out this article: https://www.dallasnews.com/business/energy/2021/02/16/electricity-retailer-griddys-unusual-plea-to-texas-customers-leave-now-before-you-get-a-big-bill/ If you agree to supply electricity (annual contracts) to households at a fixed price and the cost to produce goes up 100x, are you going to crank the turbines to max? It is probably going to bankrupt some producers.
Another problem is that electricity prices can't vary enough because consumers wouldn't be able to adjust consumption accordingly for lack of knowing what the current prices are. So electric pricing is regulated. So fuel price spikes lead to electric power shortages as plants offline to avoid losing money.