Texas Watchdog Says Power Grid Operator Made $16 Billion Error

[Nevilledog]

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Tweet text:
Catherine Traywick
@ctraywick
·
Mar 4, 2021
*TEXAS WATCHDOG SAYS POWER GRID OPERATOR MADE $16 BILLION ERROR

*ERCOT KEPT POWER AT $9,000 CAP FOR TOO LONG: MARKET MONITOR

*TEXAS SHOULD REVERSE $16 BILLION IN CHARGES: POWER MONITOR

Scoop by @naurtorious on @TheTerminal

Catherine Traywick
@ctraywick
TEXAS LATEST: Texas's market monitor says Ercot made a $16 billion mistake in pricing power during the energy crisis -- and calls to reverse those charges

That would be a godsend to companies w/ huge power bills. But generators are NOT going to like it

Texas Watchdog Says Power Grid Operator Made $16 Billion Error
A firm hired to monitor Texas’ power markets says the region’s grid manager overpriced electricity for almost two days during last month’s energy crisis, resulting in $16 billion in overcharges.
bloomberg.com
11:29 AM · Mar 4, 2021

https://www.bloomberg.com/news/articles/2021-03-04/texas-watchdog-says-power-grid-operator-made-16-billion-error

[dalton99a]

1. Incompetent, greedy assholes

[uponit7771]

2. or on purpose

[TheBlackAdder]

3. Oops, just kidding.

.



.

[Midnight Writer]

4. Those "errors" always work to the favor of those that make them. Remember Bartcop's Law?

[gratuitous]

5. Got it in one

When someone makes a "mistake" that puts more money in their pocket, look for them to keep making that "mistake" until someone stops them.

All the power companies have to do is bleat about how they're being abused by out-of-control government regulators, and public opinion in Texas will let them off the hook, and demand that the federal government (you and me) make good on the power companies' rip-off.

[dlk]

6. Everything's bigger in Texas

Especially the crooks.

[KY_EnviroGuy]

7. I thought Rethugs favored free, unfettered markets with no controls.

"Priced at what the market will bear" and all that.......

In their world, isn't a "market monitor" the same as a regulator?

When Democrats say "the rent's too damn high", then Rethugs start throwing fits and using words like communist and socialist.


Republican = Hypocrisy-R-Us......