On: Texas Power Prices Briefly Surpass $9k Amid Scorch...

[jedberg]

Wasn't Texas also where the price went negative over the spring?

[cavisne → jedberg]

That’s what happens in markets with a lot of wind generation,

South Australia saw a 14000/mwh price for 5 hours earlier this year (Due to a 48 Celsius heat wave).

Hot days and wind generation are not correlated unfortunately.

[tzs → cavisne]

Isn’t the Texas grid largely isolated, with only minimal connections to the two major multi state grids that the other states connect to? I’d guess that also contributes by limiting their options for dealing with excess when demand is low or shortages when demand is high.

[Skunkleton → cavisne]

It sounds like even a non-renewable grid would benefit from large-scale energy storage.