Robert Besser
24 Jan 2023, 06:29 GMT+10
DALLAS, Texas: The Dallas Federal Reserve has announced that despite the adoption of safeguards after a deadly February 2021 cold snap that brought widespread power outages, the Texas electrical grid is still vulnerable to severe weather.
It also called for better standards and more incentives to increase the generation of thermal power, as well as more support for the state's enhanced demand-response programs.
Garrett Golding, a senior business economist at the Dallas Federal Reserve Bank, said that the moves "would help ensure the power grid stands up to future demand growth and the challenges of extreme weather," as quoted by Reuters.
Last month, the state's grid, operated by the Electric Reliability Council of Texas and managed by the Public Utility Commission of Texas, avoided blackouts during severe cold weather.
ERCOT and the Texas PUC representatives said that the performance during the winter storm showed that grid reforms have been successful.
In an email, ERCOT said, "The reforms implemented are working, and as a result, the reliability and resiliency of the grid is stronger than ever before."
The grid currently needs more on-demand power generation to meet growing demand from the second largest state in the country, Texas PUC spokesperson Ellie Breed said, adding that the commission will vote this week on increasing power generation.
However, the December storm sent warning signals about the work that is still required, according to Golding's note.
"The cold snap last month demonstrated that progress has been made, but it also exposed the remaining vulnerabilities as electricity demand increases and extreme weather becomes more common," Golding wrote.
Get a daily dose of New York Statesman news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New York Statesman.
More InformationIsrael resumed its military operation in the Gaza Strip on Friday with heavy bombardments. As strikes continue, the United States ...
While Secretary of State Anthony Blinken has been frantically shuttling around the Middle East trying to stop the Israeli coflict ...
The number of soldiers in the Israeli army killed in the current Israel-Hamas war has topped 400. Three hundred and ...
MOSCOW, Russia: A Russian court has extended the detention of Evan Gershkovich, a U.S. reporter for the Wall Street Journal, ...
Israel intensified its deadly bombardment of the Gaza Strip Saturday as renewed fighting with Hamas entered a second day following ...
ARLINGTON, Virginia: This week, the conservative U.S. political network Americans for Prosperity Action (AFP Action), led by billionaire Charles Koch, ...
BEIJING, China: The Chaoyang District Intermediary Court in Beijing has begun compensation hearings for the Chinese relatives of those who ...
Israel resumed its military operation in the Gaza Strip on Friday with heavy bombardments. As strikes continue, the United States ...