Published
If there’s one thing that the #Texas arctic blast shows us, is that total electrification and the shutting out of fossil fuels completely will mean #blackouts.
The message that we need to electrify everything that currently uses fossil fuels to generate energy has become the dominant message of the energy transition. Solar, wind, and energy storage—perhaps with the help of hydropower and some nuclear—can handle the energy needs of mankind, the argument goes, and do it with a much lower carbon footprint.
Yet, the Arctic cold wave that is sweeping across the United States has seriously undermined this argument.
Natural gas prices exploded last week in many parts of the US and are still rising higher, as are electricity prices. In Texas, a state unaccustomed to such weather, wholesale electricity prices hit $9,000 per MWh on the spot market, prompting at least one retail power supplier to urge its clients to switch to another provider to avoid huge utility bills.
MORE: https://on.rt.com/b22b
Follow us on Telegram https://t.me/rtintl
The message that we need to electrify everything that currently uses fossil fuels to generate energy has become the dominant message of the energy transition. Solar, wind, and energy storage—perhaps with the help of hydropower and some nuclear—can handle the energy needs of mankind, the argument goes, and do it with a much lower carbon footprint.
Yet, the Arctic cold wave that is sweeping across the United States has seriously undermined this argument.
Natural gas prices exploded last week in many parts of the US and are still rising higher, as are electricity prices. In Texas, a state unaccustomed to such weather, wholesale electricity prices hit $9,000 per MWh on the spot market, prompting at least one retail power supplier to urge its clients to switch to another provider to avoid huge utility bills.
MORE: https://on.rt.com/b22b
Follow us on Telegram https://t.me/rtintl
- Category
- Europe
- Tags
- RT, Russia Today, happening now
Sign in or sign up to post comments.
Be the first to comment
Up Next
Autoplay
-
14:12
The REAL Reason for Texas' Rolling Blackouts and Power Outages
-
04:52
"What goes around comes around:" Putin rails on West for sanctions, warns of winter gas freeze
-
02:52
Ukrainians brace for blackouts, hard winter
-
05:45
News Wrap: At least 10 dead after winter storm sweeps across the South
-
02:49
Winter freeze, Bronx fire, Georgia Bulldogs: Week in Photos
-
02:12
Millions without power in Texas as major winter storm sweeps across state
-
04:31
Texas 'prepared' for possible summer blackouts: Rep. McCaul
-
05:58
Hannity presses Gov. Abbott on ongoing Texas blackouts
-
02:33
Major winter storm sweeps US
-
00:57
Winter storm causes blackouts, road closures in Ukraine
-
01:23
Keir Starmer wants to freeze energy price cap to tackle winter crisis
-
02:26
The big freeze in Texas
-
09:34
UK could face daily energy blackouts in winter
-
02:13
Death toll rises as severe winter storm sweeps US
-
01:46
10 states under snow, wind alerts as winter storm sweeps nation
-
03:09
Loblaws ends winter price freeze on No Name products
-
02:00
Death toll rises as severe winter storm sweeps US
-
01:51
Winter storm sweeps into northeast l GMA
-
06:09
Texas wind turbines frozen, contributing to rolling blackouts
-
38:04
LIVE: Winter storm sweeps up the U.S. Mid-Atlantic
-
03:25
Where's spring? Winter whiteout causes power blackouts in parts of Quebec, Ontario
-
03:56
Denver braces for deep freeze as winter storm moves out
Loading...