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The Downfall of the Texas Electric Grid (Guest: Bill Peacock)

March 1, 2021

Politicians interference in energy markets led to the failure of Texas’ energy grid during the polar vortex. Bill Peacock explains what went wrong.

Texas politicians and regulators interference in energy markets resulted in the closure of baseload bearing coal fueled power plants and the rise of intermittent wind and solar energy. This contributed to Texas' energy collapse during the polar vortex. Wind and solar failed just as the state's power system needed them the most. Energy subsidies made wind and solar seem cheap and drove coal and some natural gas plants out of business. Had politicians not mandated and subsidized green energy, eight million Texans would not have lost their power.

Article Tags
Climate Change
Author
H. Sterling Burnett, Ph.D., is a Heartland senior fellow on environmental policy and the managing editor of Environment & Climate News.
hsburnett@heartland.org
Author
Bill Peacock is the vice president of research and the director of the Center for Economic Freedom at the Texas Public Policy Foundation. He has been with the Foundation since February 2005.
bpeacock@texaspolicy.com @billpeacock3