Texas Grid On The Edge (Again)

Have been mostly ignoring the Texas grid. On a whim just had a peek and quickly ran to turn the A/C up. Looks like wholesale prices are at $5000 (it was $27 at one point this afternoon) with solar ramping down for the day and wind yet to kick in. Why does this very predictable situation result in such wild price fluctuations? Not the way I was told Capitalism is supposed to work. I do see storage (batteries) are at 2.6%, the most I have ever seen. Slurping up some of that gravy usually reserved for the “thermal” guys.

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