Okay, reality check.
This month in Texas, a severe weather event followed by extreme cold overstressed the grid to the point of failure. Last year in California, abysmal system maintenance led to catastrophic and deadly wildfires. During the PJM polar vertex of 2014, the current Texas scenario happened, but the system kind of survived. And during the Enron scandal in California in 2000, a company manipulated and exploited a recently changed market and caused rolling blackouts.
These aren’t just unfortunate coincidences. The entire system is broken. The issue is not a market issue, and it is not a technical issue.
The issue is that the whole system — inclusive of the state laws, state regulations, state oversight, federal laws, federal regulation, federal oversight, monopoly…
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